TransWorld Publishing completed the following transactions during 2012: Oct 1 Sold a six-month subscription, collecting cash of
Question:
Oct 1 Sold a six-month subscription, collecting cash of $330, plus sales tax of 9%.
Nov 15 Remitted (paid) the sales tax to the state of Tennessee.
Dec 31 Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year.
Requirement
1. Journalize the transactions (explanations are not required).
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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