5 Exercise 9-2 Recording known current liabilities LO C2 ints 1. On July 15, Piper Co. sold $11,000 of merchandise (costing $5,500) 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 $330 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. eBook View transaction list Hint Journal entry worksheet Ask References Record the entry for cash sales and its sales taxes. Note: Enter debits before credits. Date General Journal Debit Credit Jul 15 Record entry Clear entry View general journal