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  3. 1. on july 15, piper co. sold $27,000 of merchandi

1. On July 15, Piper Co. sold $27,000 of merchandise (costing $13,500) for cash. The...

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Accounting

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1. On July 15, Piper Co. 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. 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 $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). Record the entries for the November 3 and November 20 transactions View transaction list view Journal entry worksheet No General Journal Debit Credit Date Jul 15 1 Cash Sales Sales taxes payable 2 Jul 15 Cost of goods sold Merchandise inventory 3 Aug 01 Sales taxes payable Cash 4 Nov 03 Cash Unearned ticket revenue View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Jul 15 Cash Sales Sales taxes payable 2 Jul 15 Cost of goods sold Merchandise inventory 3 Aug 01 Sales taxes payable Cash 4 Nov 03 Cash Unearned ticket revenue 5 Nov 20 Unearned ticket revenue Ticket revenue

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