attached in ss below thx for help APPRECIATEDJIJOIJIJIJOJ Ocean Blue Publishing completed the following transactions for one subscriber during 2021:i (Click the icon to view the transactions.)Requirement1. Journalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2021. (Record debits first, then credits. Exclude explanations from journal entries.)Start by journalizing the October 1st transaction. Recall Ocean Blue Publishing sold a one-year subscription, collecting cash of $2,300, plus sales tax of 10%.Journal EntryAccountsDateOctDateNov1Next, journalize the November 15th transaction. Recall Ocean Blue Publishing remitted (paid) the sales tax to the state of North Carolina.Journal EntryAccountsDateDec15Account31DebitMake the necessary adjustment at year-end, December 31, to record the amount of subscription revenue earned during the year.Journal EntryAccountsDebitAmountCreditDebitCreditCreditMore infoOct 1Nov 15Dec 31Report the liability on the company's balance sheet at December 31, 2021. (If an input field is not used in the table leave the field empty: do not select a label or enter a zero.)Balance Sheet (partial)(**)Sold a one-year subscription, collecting cash of $2,300, plus sales taxof 10%. The subscription will begin on October 1.Remitted (paid) the sales tax to the state of North Carolina.Made the necessary adjustment at year-end.PrintDoneX

A partial balance sheet is a financial statement that shows the assets, liabilities, and equity of a…

Ocean Blue Publishing completed the following transactions for one subscriber during 2021: ✪ (Click the icon to view the transactions.) Requirement Journalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2021. (Recor 1. Start by journalizing the October 1st transaction. Recall Ocean Blue Publishing sold a one-year subscription, collecting cash of $2,300, plus sales tax of 10 Journal Entry Date Oct 1 Accounts Debit Credit

Ocean Blue Publishing completed the following transactions for one subscriber during 2021: ✪ (Click the icon to view the transactions.) Requirement Journalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2021. (Recor 1. Start by journalizing the October 1st transaction. Recall Ocean Blue Publishing sold a one-year subscription, collecting cash of $2,300, plus sales tax of 10 Journal Entry Date Oct 1 Accounts Debit Credit

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 46P: Blue Company, an architectural firm, has a bookkeeper who maintains a cash receipts and...

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Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for 8,500. Prepare the journal entry for McKinncy to record the collection of the account previously written off.
am. 251.
Outstanding 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 entries.) Oct. 1: Sold a six-month subscription (starting on November 1), collecting cash of $300, plus sales tax of 4%. (Prepare a single compound entry for this transaction.) Credit Date Accounts and Explanation Debit Oct. 1 More info Oct. 1 Nov. 15 Dec. 31 Sold a six-month subscription (starting on November 1), collecting cash of $300, plus sales tax of 4%. Remitted (paid) the sales tax to the state of Tennessee. Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year. Print Done X
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Record the following transactions for Redeker Co. in the general journal.
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