1. On July 15, Piper Company sold $26,000 of merchandise (costing $13,000) 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 $780 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 345 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits