Universal 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 $480, plus sales tax of 5%. (Prepare a single compound entry for this transaction.) Date Accounts and Explanation Debit Credit Oct. 1 0 More Info Oct. 1 Sold a six-month subscription (starting on November 1), collecting cash of $480, plus sales tax of 5%. 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. Telli Print Done