Misc Entries 1. On July 15, Longview Co. sold $25,000 of merchandise (costing $12,500) for cash. The sales tax rate is 7%. On August 1, Longview sent the sales tax collected from the sale to the government. Record entries for the July 15 and August 1 transactions.

Sales $25,000

Merchandise Cost $12,500

Tax Rate 7%

2. On November 3, theEl Paso Hound Dogssold a eight game pack of advance tickets for $4200 cash. On November 20, theDogs played the first game of the 8 game pack (this represented one-eighth of the advance ticket sales). Record the entries for the November 3 and November 20 transactions.

Advanced Ticket Sales $4,200

Total Games 8

Tickets $$ Per game $525

My question is how do I record general journal entries and debt or credit on:

on July 15

on Aug 1

on Nov 3

on Nov 20