Homework Answers
| Date | Account Titles and Explanation | Debit | Credit |
| October 1 | Cash | 417.30 | |
| Unearned subscription revenue | 390 | ||
| Sales tax payable | 27.30 | ||
| November 15 | Sales tax payable | 27.30 | |
| Cash | 27.30 | ||
| December 31 | Unearned subscription revenue | 130 | |
| Subscription revenue | 130 |
Subscription revenue earned on December 31 = 390 x 2/6
= $130
Kindly comment if you need further assistance. Thanks‼!
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