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Analyze each separate transaction by showing its effects on the accounting equation--specifically, identify the accounts and amounts (+,-) for each transaction. Requlred information The fodowing

Analyze each separate transaction by showing its effects on the accounting equation--specifically, identify the accounts and amounts (+,-) for each transaction. image text in transcribed
image text in transcribed
image text in transcribed
Requlred information The fodowing intomstion applles to the questions duplayed below.] 1. On July i5, Piper Compsey sold $25,000 of mershancite (costeng$12,500) for cash, The salos tax rate is 54 . On Aupust 1, Piper serit the saies the collected from the sale to the oovernment. 2. On November 2, the Milwaukee Bucks sald a sk-0 sme nodk of advance tickets for 5730 cash. On November 20. the Bucks played the 'rit gome of the six-game pack (this represented ont-sioth of the advence tichet sales) Arayre esch separate transecion by showng ts elfects on the accounting equation-1pecifically, identify the occounts and amounts jecluding + or - for elch tran laction. Note: Enser al amounts as positive values. Required information [The following information applies to the questions displayed below.] 1. On July 15 , Piper Company sold $25,000 of merchandise (costing $12,500) for cash. The sales tax rate is 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 $750 cash. On Noven the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sal Analyze each separate transaction by showing its effects on the accounting equation-specifically, identify the account (including + or ) for each transaction. Note: Enter all amounts as positive values. Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $25,000 of merchandise (costing $12,500 ) for cash. The sales tax rate is 5%. 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 $750 cash. On November 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 equation-specifically, identify the accounts an (including + or ) for each transaction. Note: Enter all amounts as positive values

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