Business, 25.11.2021 14:00 SmokeyRN

A. On July 15, Piper Company sold $18,000 of merchandise (costing $9,000) for cash. The sales tax rate is 4%. On August 1, Piper sent the sales tax collected from the sale to the government. b. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $540 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 entry for cash sales and its sales taxes.

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A. On July 15, Piper Company sold $18,000 of merchandise (costing $9,000) for cash. The sales tax ra...

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