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Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $14,000 of merchandise (costing $7,000 ) for cash. The sales tax rate is 4%,0 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 $420 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. Note: Enter all amounts as positive values. 57,000 ) for cash. The sales tax rate is 4%, On vernment. vance tickets for $420 cash. On November 20 , nted one-sixth of the advance ticket sales). quation-specifically, identify the accounts and amounts