Business, 11.05.2021 16:00 IDespretlyneedhelp

On July 15, Piper Co. sold $23,000 of merchandise (costing $11,500) 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. On November 3, the Milwaukee Bucks sold a six game pack of advance tickets for $690 cash. On November 20, the Bucks played the first game of the six game pack (this represented one-sixth of the advance ticket sales). Required:
Record the entries for the November 3 and November 20 transactions.

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On July 15, Piper Co. sold $23,000 of merchandise (costing $11,500) for cash. The sales tax rate is...

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