I got a new toilet complete with installation kit. The illustrations on the directions appear to say to apply the wax ring around the drain opening beneath the toilet then set the toilet down on the floor over the pipe and apply equal pressure on each side. The illustrations are also drawn in such a way that it appears the wax ring fits perfectly snug around the toilet's drain opening, but the center of wax ring that came with mine is far larger than the opening under the new toilet.
Does it have to fit snug or will it even out and expand once I set the toilet down and apply pressure as instructed?