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ournalize these transactions explanations are not required Then report any liability on the companys balance sheet at December 31 comma 2012December 31 2012 Record debits

ournalize these transactions explanations are not required Then report any liability on the companys balance sheet at December 31 comma 2012December 31 2012 Record debits first then credits Explanations are not required Start by journalizing the October 1st transaction Recall Ocean BlueOcean Blue Publishing sold a oneyear subscription collecting cash of 2 comma 1002100 plus sales tax of 9 9

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