1. On July 15, Piper Co. sold $25,000 of merchandise (costing $12,500) for cash. The sales tax rate is 5%. 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 $750 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. View transaction list Journal entry worksheet 2 3 4 5 > Record the entry for cash sales and its sales taxes. Note: Enter debits before credits. General Journal Debit Credit Date Jul 15 Cash Record entry Clear entry View general journal View transaction list es Journal entry worksheet 1 23 4 5 Record the cost of merchandise. Note: Enter debits before credits. General Journal Debit Credit Date Jul 15 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the sending of sales taxes to the government. Note: Enter debits before credits. Date General Journal Aug 01 Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the sales in advance of games. Note: Enter debits before credits. General Journal Debit Credit Date Nov 03 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the revenue earned from sale of tickets. Note: Enter debits before credits. General Journal Debit Credit Date Nov 20 Record entry Clear entry View general journal