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1. On July 15 , Piper Co. sold $21,000 of merchandise (costing $10,500 ) for cash. The sales tax rate is 4%. On August 1

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1. On July 15 , Piper Co. sold $21,000 of merchandise (costing $10,500 ) for cash. The sales tax rate is 4%. On August 1 , Piper sent the sales tax collected from the sale to the government. Record entries for the July 15 and August 1 transactions. 2. On November 3, the Milwaukee Bucks sold a six game pack of advance tickets for $630 cash. On November 20 , the Bucks played the first game of the six game pack (this represented one-sixth of the advance ticket sales). Record the entries for the November 3 and November 20 transactions. Journal entry worksheet 45 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits

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