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-game pack (this represented one-sixth of the advance ticket sales). 1. Record entries for the July 15 and August 1 transactions. 2. Record the entries for the November 3 and November 20 transactions. 1 Record the entry for cash sales and its sales taxes. 2 Record the cost of merchandise. 3 Record the sending of sales taxes to the government. 4 Record the sale of advance tickets. 5 Record the revenue earned from sale of tickets. 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-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