Simple Interest Calculator A P(1 + rt) Saved Help Save & Exit Submit Exercise 9-2 Recording known current liabilities LO C2 1. On July 15, Piper Co. sold $10,000 of merchandise (costing $5,000) 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 $300 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 1 Record the entry for cash sales and its sales taxes. Saved Help Save & Exit Submit Exercise 9-2 Recording known current liabilities LO C2 1. On July 15, Piper Co. sold $10,000 of merchandise (costing $5,000) 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 $300 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 Record the revenue earned from sale of tickets