Question: please assist & if possible explain E8-16A. (Learning Objective 4: Record and report current liabilities) Travis Publishing completed the following transactions for one subscriber during

please assist & if possible explain E8-16A. (Learning Objective 4: Record

please assist & if possible explain

E8-16A. (Learning Objective 4: Record and report current liabilities) Travis Publishing completed the following transactions for one subscriber during 2018: Oct 1 Sold a one-year subscription, collecting cash of $1,800, plus sales tax of 10% The subscription will begin on October 1 Remitted (paid) the sales tax to the state of South Carolina. Made the necessary adjustment at year-end. Nov 15 Dec 31 Requirement 1. Journalize these transactions (explanations not required), Then report any liability company's balance sheet at December 31, 2018. on the

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