$(1)$

Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below$]$

$2.$ On July $15,$ Piper Company sold $$23,000$ of merchandise $($costing $$11,500)$ 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 Milwoukeo Bucks sold a six$-$game pack of advance tickets for $$690$ cash. On November $20,$ the Bucks played the fist game of the six$-$game pack $($this represented one$-$sixth of the advance ticket sales$).$

Exereise $93($Algo$)$ Financial statement impact of current litability transactions LOC$2$

Analyze each separate transaction by showing its efiectis on the accounting equation$-$specifically, Identify the accounts and amounts $($including $+$ or $-)$ for each transaction.

Notes Enter ell amounts os posilive values.