Ocean Blue Publishing completed the following transactions for one subscriber during 2001 Co the icon to view the transactions) Requirement 1. Jouze the transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2001. Record seitsfratton credit. Exclude aplanations from ouml ries CR Start by oumaling the October transaction. Recall Ocean Blue Publaring sold a one-year subscription, collecting cash of $2.500, pus sales tax of 5% Journal Entry Date Accounts Credit Oct 1 De Next pumale tra November 15th transaction Recal Ocean Blue Publishing rod (paid the sales tax to the state of Califoma Journal Entry Date Accounts Debit Credit Noy 15 Make the necessary aqustment at year-end December 31, to focord the amount of subscription revenue med during the year Journal Entry Date Account Bet Credit Next Requirement 1 Journalize these transactions (explanations not required). The report any liability on the company's balance sheet at December 31, 2021. (Record debits first, then credit Exclude explorations from Jumala Date Accounts Debit Credit 15 Now Make the necessary adjustment at year-end December 31. to record the amount of subscription revenue eamed during the year Journal Entry Date Accounts Debit Credit Dec 31 Report the liability on the company's balance sheet at December 31, 2021. O an input fald is not used in the table leave the field empir, do not select a tabel or enter a zaro Balance sheet partial Account Amount Debit Credit 1 More info December 31. to record nal Entry Oct 1 Sold a one-year subscription, collecting cash of $2,500, plus sales tax of 5%. The subscription will begin on October 1, Nov 15 Remitted (paid) the sales tax to the state of California. Dec 31 Made the necessary adjustment at year-end. De Print Done e sheet at December 31, 24 1) Amount