Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $21,000 of merchandise (costing $10,500) 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 $630 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. (Enter all amounts as positive values.) Date Assets July 15 Accounts receivable (+) increase 23,800 July 15 August 1 Deferred income tax liability Accounts receivable November 3 Sales returns and allowances ) Increase (-) decrease (-) decrease 630 630 " November 20 . Liabilities + . Check my work