er U9 Pre-Built Problems i Listed below are a few transactions and events of Piper Company 1. Piper Company records a year-end entry for $10,000 of previously unrecorded cash sales (costing $5,000) and its sales taxes at a rate of 4%. BOOK 2. The company earned $50,000 of $125,000 previously received in advance and originally recorded as unearned services revenue. Prepare any necessary adjusting entries at December 31, 2017 for Piper Company's year-end financial statements for each of the above separate transactions and events. (Piper has the policy of recording cash received in advance in balance sheet accounts.) Hint View transaction list Print Journal entry worksheet 2 3 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits Transaction General Journal Debit Credit apter 09 Pre-Built Problems i Journal entry worksheet 2 3 Record the entry for cash sales and its sales taxes. Joints eBook Note: Enter debits before credits First General Journal Debit Credit Transaction 01(a) Print References Clear entry View general journal Record entry Chapter 09 Pre-Built Problems Journal entry worksheet Record cost of sales. points Note: Enter debits before credits General Journal Debit / Credit Transaction 01(b) Record entry Clear entry View general journal 3 Journal entry worksheet points The company earned $50,000 of $125,000 previously received in advance for services. eBook Note: Enter debits before credits Transaction General Journal Debit Credit References Record entry Clear entry View general Journal