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(1) Required information Use the following information for the Exercises below. (Algo) ...

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Accounting

(1)
Required information
Use the following information for the Exercises below. (Algo)
[The following information applies to the questions displayed below]
2. On July 15, Piper Company sold $23,000 of merchandise (costing $11,500) for cash. The sales tax rate is 5% On August 1, Piper sent the sales tax collected from the sale to the government.
2 On November 3, the Milwoukeo Bucks sold a six-game pack of advance tickets for $690 cash. On November 20, the Bucks played the fist game of the six-game pack (this represented one-sixth of the advance ticket sales).
Exereise 93(Algo) Financial statement impact of current litability transactions LOC2
Analyze each separate transaction by showing its efiectis on the accounting equation-specifically, Identify the accounts and amounts (including + or -) for each transaction.
Notes Enter ell amounts os posilive values.
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