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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
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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