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-5ixth 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 Journal entry worksheet 45 Record the entry for cash sales and its sales taxes. Noter Enter debits befare credits. 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-sibth 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. Journal entry worksheet 5 Record the cost of merchandise. Note: Enter debits before credits. 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 Novernber 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. Journal entry worksheet Record the sending of sales taxes to the government. Note: Enter debits before credits. 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%. 0 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 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. Journal entry worksheet 2 5 Notei Enter debits before credits. 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. Journal entry worksheet (1) 234 Record the revenue earned from sale of tickets. Note: Enter debits before credits