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If possible can you show me the fromula Required information [The following information applies to the questions displayed below.] 1. On July 15 , Piper
If possible can you show me the fromula
Required information [The following information applies to the questions displayed below.] 1. On July 15 , Piper Company sold $20,000 of merchandise (costing $10,000 ) for cash. The sales tax rate is 5%. 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 $600 cash. On November 20 , the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). 1. Record entries for the July 15 and August 1 transactions. 2. Record the entries for the November 3 and November 20 transactions. Journal entry worksheet Record the entry for cash sales and its sales taxes. Note: Enter debits before credits. Journal entry worksheet Record the cost of merchandise. Note: Enter debits before credits. Journal entry worksheet Record the sending of sales taxes to the government. Note: Enter debits before credits. Journal entry worksheet Record the sale of advance tickets. Note: Enter debits before credits. Journal entry worksheet Record the revenue earned from sale of tickets. Note: Enter debits before credits. Sylvestor Systems borrows $158,000 cash on May 15 by signing a 150-day, 5\%, $158,000 note. 1. On what date does this note mature? 2-a. Prepare the entry to record issuance of the note. 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. Complete this question by entering your answers in the tabs below. On what date does this note mature? Journal entry worksheet Note: Enter debits before credits. First, complete the table below to calculate the interest expense at maturity. Note: Use 360 days a year. Round final answers to the nearest whole dollar. Use those calculated values to prepare your entry to record payment of the note at maturity. Note: Use 360 days a year. Round final answers to the nearest whole dollar. Journal entry worksheet Record the payment of the note at maturity. Note: Enter debits before credits
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