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).

Analyze each separate transaction by showing its effects on the accounting equationspecifically, identify the accounts and amounts (including + or ) for each transaction. (Enter all amounts as positive values.)

Date Assets = Liabilities + Equity

July 15 = +

July 15 = +

August 1 = +

November 3 = +

November 20 = +