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united publishing completed the following transactions: United Publishing completed the following transactions during 2024 (1) (CEck the lcon to view the Iransactions.) Journalize the transactions
united publishing completed the following transactions:
United Publishing completed the following transactions during 2024 (1) (CEck the lcon to view the Iransactions.) Journalize the transactions (explanations are not required). Round to the nearest dollar (Record debits first, then credits Exclude explanations fram journal entries) Oct 1: Sold a six-month subscription (starting on November 1). collecting cash of $330. plus sales tax of 7%. (Prepare a single compound entry for thas transaction. IMore into Oct. 1 Sold a six-month subscription (starting on November 1), collecting cash of $330, plus sales tax of 7%. 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 eamed during the year Step by Step Solution
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