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United Publishing completed the following transactions during 2018 Journalize the transactions (explanations are not required). Round to the nearest dollar. (Record debits first, then credits.
United Publishing completed the following transactions during 2018
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 $270270,plus sales tax of 66%.Prepare a single compound entry for this transaction.)
E11-16 (similar to) EQuestion Help United Pubishing compleled the fulowing transaciots during 2018. CEck the icon to viaw tha tranaactions Jounaize the transactions (axolanations are not req.irad) Round to the neareat dolar (Record debits first then credits Exclude erplanations trom joumal entries Oct 1: Sold a s -month subs oription (starting on Novamber 1), collecting cash of $270 plus sales tax of 6% Prapara a singla compound antry for this transaction Accounts and Explanation Date Debit Credit Oct 1 Chocse ham amy list or enler any number in Ihe imput fhelds and then cick Check AnSwer. iMore Info Oct. 1 Sold a six-month subscription (starting on November 1), collecting cash of $270, plus sales tax of 6% 15 Remitted (paid) the sales tax to the state of Tennessee Nov. Dec. 31 Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. Print DoneStep by Step Solution
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