Question: Question 3 - (10 marks) 1 mark for each journal entry line: Correct account (0.5) and Correct Amount (0.5) - Note: if the account is

Question 3 - (10 marks) 1 mark for each journal entry line: Correct account (0.5) and Correct Amount (0.5) - Note: if the account is correct and amount but placed wrong as a debit/credit (0 mark) North Pole Magazine completed the following transactions during 2020: June 1, 2020: Sold twelve-month subscriptions, collecting cash of $4,800, GST of 5% and PST of 7% December 31, 2020: Remitted GST and PST to Canada Revenue Agency December 31, 2020: Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. Required Using the account title Unearned Subscription Revenue, prepare the journal entries to record the above transactions. Explanations are not required To Assist: In Moodle under TEMPLATES: Can use General Journal for the journal entries

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