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[The following information applies to the questions displayed below] 1. On July 15. Piper Company sold $30,000 of merchandise (costing $15,000 ) for cash. The

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[The following information applies to the questions displayed below] 1. On July 15. Piper Company 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). Journal entry worksheet 5 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits. Journal entry worksheet 4 Record the cost of merchandise. Note: Enter debits before credits. Record the sending of sales taxes to the government. Note: Enter debits before credits. Journal entry worksheet 3 Record the sale of advance tickets. Note: Enter debits before credits. Record the revenue earned from sale of tickets. Note: Enter debits before credits

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