Business, 20.04.2020 05:23, aydanbelle

1.) On July 15, Piper Co. sold $28,000 of merchandise (costing $14,000) 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 $840 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
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Journal entry worksheet
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Record the entry for cash sales and its sales taxes
Note: Enter debts before credits

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1.) On July 15, Piper Co. sold $28,000 of merchandise (costing $14,000) for cash. The sales tax rate...