Homework Answers
1) Journal entry
| Date | account and explanation | Debit | Credit |
| Mar 31 | Account receivable (210000*1.04) | 218400 | |
| Sales revenue | 210000 | ||
| Sales tax payable | 8400 | ||
| Apr 6 | Sales tax payable | 8400 | |
| cash | 8400 | ||
2) Journal entry
| date | account and explanation | Debit | Credit |
| Aug 1 | Equipment | 22000 | |
| Notes payable | 22000 | ||
3) Journal entry
| Date | account and explanation | Debit | Credit |
| Oct 1 | Cash | 405.60 | |
| Subscription revenue | 390 | ||
| Sales tax payable (390*4%) | 15.60 |
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