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 $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). Exercise 9-2 (Algo) 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. nces View transaction is Journal entry worksheet 3 4 5 > Record the entry for cash sales and its sales taxes Note Enter debits before credits Date General Journal Debit Credit Journal entry worksheet Record the sending of sales taxes to the government. Note: Enter debits before credits. General Journal Dato August 01 Debit Credit Record entry Clear entry View general Journal Journal entry worksheet