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Required information: [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $11,000 of merchandise (costing $5,500) for
Required information: [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $11,000 of merchandise (costing $5,500) for cash. The sales tax rate is 5% 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 $330 cash. On November 20, the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). Record entries for the July 15 and August 1 transactions. Record the entries for the November 3 and November 20 transactions. View transaction list Journal entry worksheet 2 3 4 5 Record the entry for cash sales and its sales taxes.
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