On July 15, Piper Co. sold $24,000 of merchandise (costing $12,000) 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 $720 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 View journal entry worksheet
No Date General Journal Debit Credit
1 Jul 15 No Transaction Recorded
2 Jul 15 No Transaction Recorded
3 Aug 01 No Transaction Recorded
4 Nov 03 No Transaction Recorded
5 Nov 20 No Transaction Recorded
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