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United Publishing completed the following transactions during 2018 (Click the icon to view the transactions) Joumalize the transactions (explanations are not required) Round to the
United Publishing completed the following transactions during 2018 (Click the icon to view the transactions) Joumalize the transactions (explanations are not required) Round to the nearest dolar. (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 7%. Prepare a single compound only for this transaction) Date Accounts and Explanation Debit Credit Oct 1 Cash Subsorption Revenue 417 Ilar. (Record debits first, then credits. Exclude explanations from journal entries.) 390, plus sales tax of 7%. (Prepare a single compound entry for this transaction.) Credit 417.30 i More Info Oct. 1 Sold a six-month subscription (starting on November 1), collecting cash of $390, plus salos tax of 7%. Nov. 15 Romitted (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. Print Done
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