Question: Exercise 9-2 Recording known current liabilities LO C2 1. On July 15, Piper Co. sold $ 26,000 of merchandise (costing $13,000) for cash. The sales

Exercise 9-2 Recording known current liabilities LO C2 1. On July 15, Piper Co. sold $ 26,000 of merchandise (costing $13,000) for cash. The sales tax rate is 4%. On August 1. Piper sent the sales tax collected from the sale to the government. Record entries for the July 15 and August 1 transactions. 2. On November 3, the Milwaukee Bucks sold a six game pack of advance tickets for $780 cash. On November 20, the Bucks played the first game of the six game pack (this represented one-sixth of the advance ticket sales). Record the entries for the November 3 and November 20 transactions View transaction list Journal entry worksheet 2 3 4 5 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits. Date General Journal Debit Credit Crete Jul 15 Record entry Clear entry View general journal

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