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On July $15,$ Piper Company sold $$10,000$ of merchandise $($costing $$5,000)$ for cash. The sales tax rate is $4\%.$ On August $1,$ Piper sent the sales tax collected from the sale to the government.

On November $3,$ the Milwaukee Bucks sold a six$-$game pack of advance tickets for $$300$ cash. On November $20,$ the Bucks played the first game of the six$-$game pack $($this represented one$-$sixth of the advance ticket sales$).$

lyze each separate transaction by showing its effects on the accounting equation$-$specifically, identify the accounts and amounts uding $+$ or $-)$ for each transaction.

e: Enter all amounts as positive values.