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Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $22,000 of merchandise (costing $11,000 ) for

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Required information [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $22,000 of merchandise (costing $11,000 ) for cash. The sales tax fate 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 $660 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. Journal entry worksheet Record the entry for cash sales and its sales taxes. Note: Enter debits before credits

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