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Required Information [The following information applies to the questions displayed below.] 1. On July 15, Piper Company sold $21,000 of merchandise (costing $10,500 ) for
Required Information [The following information applies to the questions displayed below.] 1. On July 15, Piper Company sold $21,000 of merchandise (costing $10,500 ) 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 $630 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. jovernment. advance tickets for $630 cash. On November 20 , sented one-sixth of the advance ticket sales). equation-specifically, identify the accounts and amounts 2. On November 3, the Milwaukee Bucks sold a six-game pack of a the Bucks played the first game of the six-game pack (this represt alyze each separate transaction by showing its effects on the accounting ed cluding + or for each transaction. ote: Enter all amounts as positlve values. Required Information [The following information applies to the questions displayed below.] 1. On July 15, Piper Company sold $21,000 of merchandise (costing $10,500 ) 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 $630 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. jovernment. advance tickets for $630 cash. On November 20 , sented one-sixth of the advance ticket sales). equation-specifically, identify the accounts and amounts 2. On November 3, the Milwaukee Bucks sold a six-game pack of a the Bucks played the first game of the six-game pack (this represt alyze each separate transaction by showing its effects on the accounting ed cluding + or for each transaction. ote: Enter all amounts as positlve values
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