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please answer each box Required information The following information applies to the questions displayed below) 1. On July 15, Piper Co, sold $17,000 of merchandise
please answer each box
Required information The following information applies to the questions displayed below) 1. On July 15, Piper Co, sold $17,000 of merchandise (costing $8,500) 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 $510 cash. On November 20, the Bucks played the first game of the six-game pack (this represented one sixth of the advance ticket sales) nalyze each separate transaction by showing its effects on the accounting equation-specifically, identify the accounts and amounts ncluding or -) for each transaction (Enter all amounts as positive values.) Assets Liabilities Date July 15 July 15 August 1 November 3 November 20 sunting equation-specifically, identify the accounts and amounts values.) Liabilities Equity Step by Step Solution
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