Required information Use the following information for the Exercises below. (Static) (The following information applies to the questions displayed below.) 1. On July 15, Piper Co. sold $10,000 of merchandise (costing $5,000) 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 $300 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 9-2 (Static) Recording known current liabilities LO C2 1. Record entries for the July 15 and August 1 transactions. 2. Record the entries for the November 3 and November 20 transactions. View transaction list Journal entry worksheet 1 2 3 4 5 > Record the entry for cash sales and its sales taxes. Note: Enter debits before credits. Date General Journal Debit Credit Jul 15 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the sale of advance tickets. Note: Enter debits before credits. General Journal Debit Credit Date Nov 03 Record entry Clear entry View general journal Journal entry worksheet