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 $27,000 of merchandise (costing $13,500 ) 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 $810 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 11-2 (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. Record the entry for cash sales and its sales taxes. 2 Record the cost of merchandise. 3. Record the sending of sales taxes to the government. 4 Record the sale of advance tickets. 5 Record the revenue earned from sale of tickets