TransWorld Publishing Company completed the following transactions during 2018: Nov 1 Sold 30 six-month subscriptions, collecting cash of $300, plus sales tax of 4% Dec 15 Remitted the sales tax to the state of New York Dec 31 Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. Read the requirements Requirement 1. Journalize these transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Nov 1. Sold 30 six-month subscriptions, collecting cash of $300. plus sales tax of 4% Journal Entry Date Accounts Debit Credit Nov 1 lons X - i Requirements co 1. Journalize these transactions. Explanations are not required. 2. What amounts would TransWorld Publishing Company report on the balance sheet at December 31, 2018? Print Done