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On July Piper Company sold $ of merchandise costing $ for cash. The sales tax rate is On August Piper sent the sales tax collected from the sale to the government.
On November the Milwaukee Bucks sold a sixgame pack of advance tickets for $ cash. On November the Bucks played the first game of the sixgame pack this represented onesixth of the advance ticket sales
Record entries for the July and August transactions.
Record the entries for the November and November transactions.
Record the entry for cash sales and its sales taxes.
Record the cost of merchandise.
Record the sending of sales taxes to the government.
Record the sale of advance tickets.
Record the revenue earned from sale of tickets.
Note: journal entry has been entered
