Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 help asap Required informotion [The following information applies to the questions displayed below] 1. On July 15. Piper Company sold $10,000 of merchandise (costing

1 help asap
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required informotion [The following information applies to the questions displayed below] 1. On July 15. Piper Company sold $10,000 of merchandise (costing $5,000 ) 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 $300 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 1 transactions. 2. Record the entries for the November 3 and November 20 transactions. Journal entry worksheet 2. 4 5 > Record the entry for cash sales and its sales taxes. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $10,000 of merchandise (costing $5,000 ) 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 $300 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 1 transactions. 2. Record the entries for the November 3 and November 20 transactions, Journal entry worksheet \begin{tabular}{l|lll} & 3 & 4 & 5 \end{tabular} Record the cost of merchandise. Note: Enter dobats before credits. [The following information applies to the questions displayed below] 1. On July 15. Piper Company sold $10,000 of merchandise (costing $5,000 ) for cash. The sales tax rate is 4%. On August 1. Piper sent the sales tax collected from the sale to the govemment. 2. On November 3 , the Milwoukee Bucks sold a six-game pack of advance tickets for $300 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 1 transactions: 2. Record the entries for the November 3 and November 20 transactions. Journal entry worksheet 5 Record the sending of sales taxes to the government. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $10,000 of merchandise (costing $5,000 ) 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 Milwoukee Bucks sold a six-game pack of advance tickets for $300 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 1 transactions. 2. Record the entries for the November 3 and November 20 transactions. Journal entry worksheet 12 5 Record the sale of advance tickets. Notei Enter debits before credits. Required informotion [The following information applies to the questions displayed below] 1. On July 15 , Piper Company sold $10,000 of merchandise (costing $5,000 ) 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 $300 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 1 transactions. 2. Record the entries for the November 3 and November 20 transactions. Journal entry worksheet 1234 Record the revenue earned from sale of tickets. Note: Enter debits before credita

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions