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1. On July 15, Piper Company sold $14.000 of merchandise (costing $7000) for cash. The...

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Accounting

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1. On July 15, Piper Company sold $14.000 of merchandise (costing $7000) 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 $420 cash On November 20, the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales) 1. Record entries for the July 15 and August 1transactions 2. Record the entries for the November 3 and November 20 transactions View transaction list R. Journal entry worksheet 2 3 4 5 Record the entry for cash sales and its sales taxes

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