Tropical Publishing completed the following transactions for one subscriber during 2018: Click the icon to view the transactions.) Requirement 1. Journalize these transactions (explanations not required). Then mport any liability on the company's balance shoot at December 31, 2018. (Record debito first, then credits. Exclude explanations from journal entries.) Start by joumalizing the October 1st transaction. Recull Tropical Publishing sold a one-year subscription, collecting cash of $2,500, plus sales tax of 8%. Journal Entry Credit Accounts Debit Date Oct 1 Next, journalize the November 15th transaction. Recall Tropical Publishing remitted (paid) the sales tax to the state of California Journal Entry Date Accounts Debit Credit Nov 15 Choose from any list or enter any number in the input fields and then continue to the next question Tropical Publishing completed the following transactions for one subscriber during 2018: Click the icon to view the transactions) Requirement 1. Journalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2018. (Record debits first, then credits. Exclude explanations from journal entries.) Make the necessary adjustment at year-end, December 31, to record the amount of subscription revenue eamed during the year. Journal Entry Accounts Debit Credit Date Dec 31 Report the libility on the company's balance sheet at December 31, 2018. (If a box is not used in the table leave the box empty, do not select a label or entera zoro) Balance Sheet (partial) Account Amount Choose from any list or enter any number in the input fields and then continue to the next question ctober 1st plus sales tax of 8%. i More Info X Ad Oct 1 Sold a one-year subscription, collecting cash of $2,500, plus sales tax of 8%. The subscription will begin on October 1. Remitted (paid) the sales tax to the state of California. Made the necessary adjustment at year-end. Nov 15 Dec 31 ember 15th Print Done Ad