Centennial Publishing completed the following transactions for one subscriber during 2018:

Oct 1 .............. Sold a one-year subscription, collecting cash of $2,100, plus sales tax of 6%.
The subscription will begin on October 1.

Nov 15 ........... Remitted (paid) the sales tax to the state of Nebraska.
Dec 31 ............ Made the necessary adjustment at year-end.

Requirement

1. Journalize these transactions (explanations not required). Then report any liability on the company’s balance sheet at December 31, 2018.