Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] 1. On July 15 , Piper Company sold $11,000 of merchandise (costing $5,500 ) 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 Milwaukee Bucks sold a six-game pack of advance tickets for $330 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 C2 Analyze each separate transaction by showing its effects on the accounting equation-specifically, identify the accounts and amounts including + or - ) for each transaction. Vote: Enter all amounts as positive values