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Requitred Information Use the following information for the Exercises below. (Algo) The following informatron applles to the questions aisplayed be'ow) 1. On July 15, Piper

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Requitred Information Use the following information for the Exercises below. (Algo) The following informatron applles to the questions aisplayed be'ow) 1. On July 15, Piper Compary 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 Mirwoukee Bucks sold a six-game pack of udvarice tkckets for $480 cosh On November 20 , the Bucks played the first game of the six-game pack (this represented one suxth of the advance ucket sales). Exercise 9-2 (Algo) Recording known current liabllites LO C2 1. Record enules for the July 15 and August 1 transacuons. 2. Record the entries for the November 3 and November 20 transactions Journal entry worksheet

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