Saint Leo ACC 201 Week 6 Chapter 11 Practice Homework Solution
WatsonPublishing completed the following transactions during
Journalize the transactions (explanations are not required). (Round all amounts to the nearest cent. Record debits first, then credits. Exclude explanations from journal entries.)
1: Sold a six-month subscription (starting on November 1), collecting cash of $420 plus sales tax of 8 %.
(Prepare a single compound entry for this transaction.)