Question

E9-22A (similar to) Question Help Tier World Publishing completed the following transactions for one subscriber during 2016 Oct 1 Nov 15 Dec 31 sold a one-year subscription, collecting cash of $2.100, plus sales tax of 7%. Remitted (paid) the sales tax to the state of North Carolina. Requirement 1. Joumalize these transactions (explanations not required). Then report any liability on the company's balance sheet at December 31, 2016. (Record debits first then credits. Exclude explanations from journal entries.)