Required information [The following information applies to the questions displayed below.] 1. On July 15, Piper Company sold $13,000 of merchandise (costing $6,500) 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 $390 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. Date July 15 Assets Cash (+) increase 13,390 = July 15 Merchandise inventory = August 1 Cash = November 3 Cash = November 20 = Liabilities Equity + + + +