1. On July 15, Piper Company sold $11,000 of merchandise (costing $5,500) for cash. The sales...

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1. On July 15, Piper Company sold $11,000 of merchandise (costing $5,500) for cash. The sales tax rate is 5%. 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 $330 cash. On November 20, the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). 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 4 LO 5 Record the entry for cash sales and its sales taxes. > Prey 1 of 7 Next > 1. On July 15, Piper Company sold $11,000 of merchandise (costing $5,500) for cash. The sales tax rate is 5%. 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 $330 cash. On November 20, the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). 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 4 LO 5 Record the entry for cash sales and its sales taxes. > Prey 1 of 7 Next >