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 $16,000 of merchandise (costing $8,000) 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 $480 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 1 2 3 > Record the entry for cash sales and its sales taxes Note: Enter debits before credits General Journal Debi Credit Date July 15 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 $16,000 of merchandise (costing $8,000) 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 $480 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 3 4 5 Record the cost of merchandise Note: Enter debits before credits Dahil Credit General Journal Dale July 15 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 $16,000 of merchandise (costing $8,000) 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 $480 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 2 3 4 5 Record the sending of sales taxes to the government. Note: Enter debits before credits Debit Credit Date General Journal August 01 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 $16,000 of merchandise (costing $8,000) 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 $480 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 5 Record the sale of advance tickets Notes Enter debits before credits Date General Journal Debit Credit November 03 Silved He! 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 $16,000 of merchandise (costing $8,000) 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 $480 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 ist Journal entry worksheet os 2 3 4 > 0 Record the revenue earned from sale of tickets Noter Enter debit before credits General Journal Debit Credit Date November 20
