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TransWorld Publishing completed the following transactions during 2018: (Click the icon to view the transactions.) Journalize the transactions (explanations are not required). Round to the
TransWorld Publishing completed the following transactions during 2018: (Click the icon to 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 $390, plus sales tax of 6%. (Prepare a single compound entry for this transaction.) Date Accounts and Explanation Debit Credit Oct. 1 A More Info Nov. 15: Remitted (paid) the sales tax to the state of Tennessee. Oct. 1 Sold a six-month subscription (starting on November 1), collecting cash of $390, plus sales tax of 6%. 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. Date Accounts and Explanation Debit Credit Nov. 15 Print Done Dec. 31: Ma unt of subscription revenue eamed during the year. Date Debit Credit Dec. 31 Accounts Receivable Cash Sales Tax Expense Sales Tax Payable Subscription Revenue Unearned Revenue Choose fron in continue to the next question. ? Dec. 31: Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. Date Accounts and Explanation Debit Credit Dec. 31
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