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More Info Oct. 1 Sold a six-month subscription (starting on November 1), collecting cash of $270, plus sales tax of 9%. Nov. 15 Remitted (paid)
More Info Oct. 1 Sold a six-month subscription (starting on November 1), collecting cash of $270, plus sales tax of 9%. Nov. 15 Remitted (paid) the sales tax to the state of Tennessee. Dec. 31 Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. TransWorld Publishing completed the following transactions during 2018: A (Click the icon to view the transactions.) Joumalize the transactions (explanations are not required). Round to the nearest dollar. (Record debits first, then en Oct. 1: Sold a six-month subscription (starting on November 1), collecting cash of $270, plus sales tax of 9%. (Prepa Date Accounts and Explanation Debit Credit Oct. 1 // / 1 // / / / III 1 / // / // // / / / / /
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