Required information [The following information applies to the questions displayed below.] 1. On July 15, Piper Company sold $14,000 of merchandise (costing $7,000 ) 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 $420 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 $14,000 of merchandise (costing $7,000 ) 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 $420 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. [The following information applies to the questions displayed below] 1. On July 15, Piper Company sold $14,000 of merchandise (costing $7,000 ) 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 $420 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 5 Record the sending of sales taxes to the government. Note: Enter debits before credits. [The following information applies to the questions displayed below] 1. On July 15 . Piper Company sold $14,000 of merchandise (costing $7,000 ) 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 $420 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 $14,000 of merchandise (costing $7,000 ) 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 $420 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
