Chapter 9 Graded Exercises (i) Saved 3 Required information [The following information applies to the questions displayed below.] 1. On July 15 , Piper Company sold $24,000 of merchandise (costing $12,000 ) 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 $720 cash. On November 20 , the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). 11.11 (including + or - ) for each transaction. Note: Enter all amounts as positive values. \begin{tabular}{|c|c|c|} \hline Date & \multicolumn{2}{|c|}{ Assets } \\ \hline July 15 & & \\ \hline July 15 & & \\ \hline August 1 & & \\ \hline November 3 & & \\ \hline November 20 & & \\ \hline \end{tabular} = = = = = = \begin{tabular}{|l|l|l|} \hline+ & Equity & \\ \hline+ & & \\ \hline & & \\ \hline & & \\ + & & \\ \hline & & \\ \hline \end{tabular}