Required information The foltowing informution opplies to the questions displayed below) 1. On July 15,...
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Accounting
Required information The foltowing informution opplies to the questions displayed below) 1. On July 15, Piper Company sold $19,000 of merchandise (costing $9,500 ) for cash, The sales tax rote 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 psck of advance tickets for 5570 cash. On November 20 the Bucks played the first game of the sh-gome pock (this represented one-sisth of the advance ticket sales). Inalyze each separate transiaction by showng its effects on the occounting equation-specificaly, ldentify the accounts and amounts including + or for each transoction, Note: Enter all amounts as positive values
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