$!$

Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

On July $15,$ Piper Company sold $$24,000$ of merchandise $($costing $$12,000)$ for cash. The sales tax rate is $4\%.$ On August $1,$ Piper sent the sales tax collected from the sale to the government.

On November $3,$ the Milwaukee Bucks sold a six$-$game pack of advance tickets for $$720$ cash. On November $20,$ the Bucks played the first game of the six$-$game pack $($this represented one$-$sixth of the advance ticket sales$).$

Exercise $9-3($Algo$)$ Financial statement impact of current liability transactions LO C$2$

Analyze each separate transaction by showing its effects on the accounting equation$-$specitcally, identify the accounts and amounts $($including $+$ or $-)$ for each transaction.

Note: Enter all amounts as positive values.

$\backslash$table$[[$Date$,$Assets,$=,$Liabilities,$+,],[$July $15,,=,,+,],[$July $15,,=,,+,],[$August $1,,=,,+,],[$November $3,,=,,+,],[$November $20,=,=,,+,]]$