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03-06-2023
Business

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Required information [The following information applies to the questions displayed below.] 1. On July 15 , Piper Company sold $27,000 of merchandise (costing $13,500) for cash. The sales tax rate is 4%. On August 1, Piper sent the sales tax collected from the sale to the government. 2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $810 cash. On November 20 , the Bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales). 1. Record entries for the July 15 and August 1 transactions. 2. Record the entries for the November 3 and November 20 transactions. Journal entry worksheet 5 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits. Journal entry worksheet 4 Note: Enter debits before credits. Journal entry worksheet 1 Record the sending of sales taxes to the government. Note: Enter debits before credits. Journal entry worksheet <1 Record the sale of advance tickets. Note: Enter debits before credits. Journal entry worksheet 1 Record the revenue earned from sale of tickets. Note: Enter debits before credits.

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