Wilson Publishing completed the following transactions during $2024$:

LOADING...$($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.$)$

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Part $1$

Oct. $1$: Sold a$$ six$-$month subscription$($starting on November$1),$ collecting cash of $$$$420,$ plus sales tax of $4\%.($Prepare a single compound entry for this$$ transaction.$)$

Date

Accounts and Explanation

Debit

Credit

Oct. $1$

Part $2$

Nov. $15$: Remitted$($paid$)$ the sales tax to the state of Tennessee.

Date

Accounts and Explanation

Debit

Credit

Nov. $15$

Part

Dec. $31$: Made the necessary adjustment at$$ year$-$end to record the amount of subscription revenue earned during the year.

Date

Accounts and Explanation

Debit

Credit

Dec. $31$