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Required information The following information applies to the questions displayed below! 1. On July 15, Piper Company sold $26.000 of merchandise (costing $13,000) for cash.

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Required information The following information applies to the questions displayed below! 1. On July 15, Piper Company sold $26.000 of merchandise (costing $13,000) 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 six-game pack of advance tickets for $780 cash On November 20, the Bucks played the first game of the six-gome pack (this represented one-sixth of the advance ticket sales), Analyze each separate transaction by showing its effects on the accounting equation--specifically, Identity the accounts and amounts (including + or -) for each transaction (Enter all amounts as positive values.) Assets Liabilities Date Wy15 July 15 August November November 20

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