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 Co. sold $30,000 of merchandise (costing $15,000) 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 $900 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. View transaction list Journal entry worksheet Record the entry for cash sales and its sales taxes. Note: Enter debts before credits Journal entry worksheet Record the cost of merchandise Note: Enter debits before credits Journal entry worksheet cort the advance Journal entry worksheet 3 4 > 9 Record the revenue earned from sale of tickets we er det before credits