Required information [The following information applies to the questions displayed beiow] 1. On July 15 , Piper Company sold $12,000 of merchandise (costing $6,000 ) 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 $360 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. Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $12,000 of merchandise (costing $6.000 ) for cash. The sales tax rate is 42. On August 1. Piper sent the sales tax collected from the sale to the government. 2. On November 3, the Milwaukee Bucks sold a sio-game pack of advance tickets for $360 cash. On November 20 , the Bucks played the first game of the six-game pack (this represented one-sikth of the adyance ticket sales). Aralyze each separate tansaction by showing its effects on the accounting equation-5pecifically, identify the accounts and amounts Including +or - ) for each transaction. (Enter all amounts as positive values.)