Required information Use the following information for the Exercises below. (Algo) [The following information apples to the questions displayed below] 1. On July 15, Piper Company sold $17,000 of merchandise (costing $8,500 ) for cash. The sales tax rate is 5% On August 1 , Piper sent the sales tax collected from the sale to the government. 2. On November 3, the Milwoukee Bucks sold a six-game pack of advance tickets for $510cash On November 20 , the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). Exercise 9-2 (Algo) Recording known current liabilities LO C2 1. Record entries for the July 15 and August 1 transactions. 2. Record the enthes for the November 3 and November 20 transactons. Journal entry worksheet 5 Record the entry for cash sales and its sales taxes. Note1 Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet