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TransWorld Publishing completed the following transactions during 2024: (i)(Click the icon to view...

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Accounting

TransWorld Publishing completed the following transactions during 2024:
(i)(Click the icon to view the transactions.)
Journalize the transactions (explanations are not required). Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entrie
\table[[Date,Accounts and Explanation,Debit,Credit],[Oct.1,\table[[Cash],[Unearned Revenue],[Sales Tax Payable]],441,\table[[420],[21]]]]
Nov. 15: Remitted (paid) the sales tax to the state of Tennessee.
\table[[Date,Accounts and Explanation,Debit,Credit],[Nov.15,\table[[Sales Tax Payable],[Cash]],21,21]]
Dec. 31: Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year.
\table[[Date,Accounts and Explanation,Debit,Credit],[Dec.31,\table[[Unearned Revenue],[Subscription Revenue]],,],[,,,]]
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