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Required Information [The following Information applies to the questions displayed below.] 1. On July 15, PIper Company sold $18,000 of merchandise (costing $9,000 ) for
Required Information [The following Information applies to the questions displayed below.] 1. On July 15, PIper Company sold $18,000 of merchandise (costing $9,000 ) 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 slx-game pack of advance tlckets for $540 cash. On November 20 , the Bucks played the first game of the slx-game pack (this represented one-slxth of the advance ticket sales). 1. Record entrles for the July 15 and August 1 transactions. 2. Record the entrles for the November 3 and November 20 transactions. Journal entry worksheet 2345 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits
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