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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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