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1. On July 15, Piper Co. sold $29,000 of merchandise (costing $14,500) for cash. The sales tax rate is 4%. On August 1, Piper sent
1. On July 15, Piper Co. sold $29,000 of merchandise (costing $14,500) 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 $870 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. Skipped View transaction list Journal entry worksheet Record the sending of sales taxes to the government. Note: Enter debits before credits. General Journal Debit Credit Date Aug 01 1. On July 15, Piper Co. sold $29.000 of merchandise (costing $14,500) 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 $870 cash. On November 20, the Bucks play the first game of the six game pack (this represented one-sixth of the advance ticket sales). Record the entries for the November and November 20 transactions. Skipped View transaction list Journal entry worksheet Record the sales in advance of games. Note: Enter debits before credits. Date General Journal Debit Credit Nov 03 1. On July 15, Piper Co. sold $29.000 of merchandise (costing $14,500) for cash. The sales tax rate is 4%. On August 1, Piper ser 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 $870 cash. On November 20, the Bucks the first game of the six game pack (this represented one-sixth of the advance ticket sales). Record the entries for the Novem and November 20 transactions Skipped View transaction list Journal entry worksheet Record the revenue eamed from sale of tickets. Note: Enter debits before credits. Date General Journal Debit Credit Nov 20
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