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1. On July 15, Piper Co. sold $12,000 of merchandise (costing $6,000) for cash. The sales tax rate is 4%. On August 1, Piper sent the sales tax collected from the sale to the government 2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $360 cash. On November 20, the Bucks played the first game of the sin game pack (this represented one-sixth of the advance ticket sales) 1. Record entries for the July 15 and August 1 transactions. 2. Record the entries for the November 3 and November 20 transactions View transaction list Journal entry worksheet 1 2 5 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits General Journal Debit Credit Date Jul 15 Recensentes Minimal [The following information applies to the questions displayed below) 1. On July 15, Piper Co, sold $12,000 of merchandise (costing $6,000) for cash. The sales tax rate is 4%. On August 1, Piper sent the sales tax collected from the sale to the government 2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $360 cash. On November 20, the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales) Inalyze each separate transaction by showing its effects on the accounting equation--specifically, Identify the accounts and amounts including + or -) for each transaction. (Enter all amounts as positive values.) Assets Liabilities Equity Date July 15 July 15 Aug. 1 Nov. 3 Nov. 20

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