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Need the second table: Required information [The following information applies to the questions displayed below.] 1. On July 15, Piper Company sold $26,000 of merchandise

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Need the second table:image text in transcribed

Required information [The following information applies to the questions displayed below.] 1. On July 15, Piper Company sold $26,000 of merchandise (costing $13,000) 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 $780 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. Answer is complete and correct. No General Journal Credit Date July 15 Debit 27,040 1 Cash Sales 26,000 1,040 Sales taxes payable 2 July 15 13,000 Cost of goods sold Merchandise inventory 13,000 3 August 01 1,040 Sales taxes payable Cash 1,040 4 November 03 780 Cash Unearned ticket revenue 780 5 November 20 130 Unearned ticket revenue Ticket revenue 130 2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $780 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 amounts (including + or -) for each transaction. (Enter all amounts as positive values.) + Assets Liabilities Date July 15 July 15 August 1 November 3 November 20

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