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Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $17,000 of merchandise (costing $,500 ) for

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Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $17,000 of merchandise (costing $,500 ) for cash. The sales tax rate is 5%. On August 1, Piper sent the soles 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). 1. Record entries for the July 15 and August 1 transactions. 2. Record the entries for the November 3 and November 20 transactions. Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $17,000 of merchandise (costing $,500 ) for cash. The sales tax rate is 5%. On August 1, Piper sent the soles 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). 1. Record entries for the July 15 and August 1 transactions. 2. Record the entries for the November 3 and November 20 transactions

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