On July 15, Piper Co. sold $25,000 of merchandise (costing $12.500) 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 $750 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 2 3 4 5 Record the entry for cash sales and its sales taxes. Note: Enter debits before credits General Journal Debit Credit Date Jul 15 View transaction list Journal entry worksheet < 1 2 3 4 5 > Record the cost of merchandise. Note: Enter debits before credits. Date General Journal Debit Credit Jul 15 View transaction list Journal entry worksheet < 1 2 3 4 5 Record the sending of sales taxes to the government. Note: Enter debits before credits. Date General Journal Debit Credit Aug 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 5 > es Record the sales in advance of games. Note: Enter debits before credits. Date General Journal Debit Credit Nov 03 Record entry Clear entry View general Journal Journal entry worksheet < 1 2 3 4 5 Record the revenue earned from sale of tickets. Note: Enter debits before credits. General Journal Debit Credit Date Nov 20 Record entry Clear entry View general journal
