Question: I need help with the solution and explanation in the whole question Please and Thank you. Exercise 9-2 Recording known current liabilities LO C2 1.

I need help with the solution and explanation in the whole question Please and Thank you.

question Please and Thank you. Exercise 9-2 Recording known current liabilities LO

C2 1. On July 15, Piper Co. sold $25,000 of merchandise (costing

$12,500) for cash. The sales tax rate is 5%. 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

Exercise 9-2 Recording known current liabilities LO C2 1. On July 15, Piper Co. sold $25,000 of merchandise (costing $12,500) for cash. The sales tax rate is 5%. 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 $750 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. points eBook Print View transaction list References Journal entry worksheet (1) 2 3 4 5 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits Date General Journal Debit Credit Jul 15 Connect Homework - Chapter 9 0 Help Save & Exit Submit View transaction list Journal entry worksheet (1) 2 3 4 5 points Record the entry for cash sales and its sales taxes. eBook Print Note: Enter debits before credits. References General Journal Debit Credit Date Jul 15 Record entry Clear entry View general journal Connect Homework - Chapter 9 Saved Help Save & Exit Submit View transaction list Journal entry worksheet

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