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please solve United Gaming completed the following transactions during 2025: View the transactions. Journalize the transactions (explanations are not required). Round to the nearest dollar.
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United Gaming completed the following transactions during 2025: View the transactions. Journalize the transactions (explanations are not required). Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Oct. 1: Sold a six-month subscription (starting on November 1), collecting cash of $360, plus sales tax of 6%. (Prepare a single compound entry for this transaction.) Date Accounts Debit Credit Oct. 1Nov. 15: Remitted (paid) the sales tax to the state of Tennessee. Date Accounts Debit Credit Nov. 15Dec. 31: Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. Date Accounts Debit Credit Dec. 31Step by Step Solution
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