10) Journalize the following transactions: A magazine sells a month magazine subscription for $60 per year. The company has collected cash for 1,200 subscriptions. Record the journal entries for: ...

10) Journalize the following transactions:

A magazine sells a month magazine subscription for $60 per year. The company has collected cash for 1,200 subscriptions. Record the journal entries for:

Receipt of cash for the subscriptions (Feb 13).

Amount of revenue earned after mailing out 7 months of magazines (Sept 13).

11) Record the following sales transactions for Meranda Company:

Oct 3Had sales of $3,500 in cash and $6,000 in credit. The harmonized

sales tax (HST) is 13%.

Oct 8Had cash sales of $12,000 plus 13% HST.

Nov 15Paid HST for Oct. 3 and Oct. 8 sales.

Nov 30Received customer payment for Oct. 3 outstanding accounts receivable.