Business, 02.12.2019 22:31 michaellangley
Recording known current liabilities lo c2 on july 15, piper co. sold $10,000 of merchandise (costing $5,000) 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. on november 3, the milwaukee bucks sold a six game pack of advance tickets for $300 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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Recording known current liabilities lo c2 on july 15, piper co. sold $10,000 of merchandise (costing...
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