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3 Exercise 9-2 Recording known current liabilities LO C2 111 points 1. On July 15, Piper Co. sold $12,000 of merchandise (costing $6,000) for cash.

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3 Exercise 9-2 Recording known current liabilities LO C2 111 points 1. On July 15, Piper Co. sold $12,000 of merchandise (costing $6,000) 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 $360 cash On November 20, the Bucks played and November 20 transactions the first game of the six game pack (this represented one sixth of the advance ticket sales). Record the entries for the November 3 book Print View transaction list References Journal entry worksheet Record the cost of merchandise. Note: Enter debits before credits: Date Debit Credit Jul 15 General Journal Cost of goods sold Merchandise inventory Record the sales in advance of games. Book int Note: Enter debits before credits. Date General Journal Nov 03 Cash Unearned ticket revenue Debit Credit rint fences Check 7 Exercise 10-12 Installment note amortization table LO C1 11 points On January 1, 2019, Eagle Company borrows $30,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $8,857, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022 Prepare an amortization table for this installment note (Round all amounts to the nearest whole celler) Boc (A) Beginning Balance Payments (a) (C) Debit interest Debit Notes Expense Payable (Dj Credit Cath (E) Ending Balance ce Period Ending Date 2019 2020 2121 2022 Total

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