Worldwide Publishing completed the following transactions for one subscriber during $2021$:

i$.($Click the icon to view the transactions.$)$

Requirement

Start by journalizing the October $1$ st transaction. Recall Worldwide Publishing sold a one$-$year subscription, collecting cash of $$1,700,$ plus sales tax of $5\%.$

Journal Entry

More info

Oct $1$ Sold a one$-$year subscription, collecting cash of $$1,700,$ plus sales tax of

$5\%.$ The subscription will begin on October $1.$

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

Dec $31$ Made the necessary adjustment at year$-$end.