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Chec Required information (The following information applies to the questions displayed below.) 1. On July 15, Piper Co. sold $10,000 of merchandise (costing $5,000) for

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Chec Required information (The following information applies to the questions displayed below.) 1. On July 15, Piper Co. sold $10,000 of merchandise (costing $5,000) 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 $300 cash. On November 20, 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 and amo (including + or -) for each transaction (Enter all amounts as positive values.) Date Assets Liabilities July 15 July 15 Aug. 1 Nov. 3 Nov. 20 3 G ov dtv X id a 3 5,000) for cash. The sales tax rate is 4%. On August 1, ent k of advance tickets for $300 cash. On November 20, resented one-sixth of the advance ticket sales). counting equation-specifically, identify the accounts and amounts ve values.) Liabilities Equity tv A W 29. G * a & 7 6 4 5 9 8 E R T F H K

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