Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below) 1. On July 15, Piper Company sold $11,000 of merchandise (costing $5.500) for cash The sales tax rate is 5% On August 1, Pper sent the sales tax collected om the sale to the government 2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $330 cash On November 20 the Bucks played the first game of the six-game pack this represented one sath of the advance ticket sale Exercise 9-3 (Algo) Financial statement impact of current liability transactions LO C2 Analyze each separate transaction by showing its effects on the accounting equation-spechcely ourely the accounts and aures including or) for each transaction Note: Enter all amounts as positive values Date July 15 24 16 November 3 Assets .
Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below) 1. On July 15, Piper Company sold $11,000 of merchandise (costing $5.500) for cash The sales tax rate is 5% On August 1, Pper sent the sales tax collected om the sale to the government 2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $330 cash On November 20 the Bucks played the first game of the six-game pack this represented one sath of the advance ticket sale Exercise 9-3 (Algo) Financial statement impact of current liability transactions LO C2 Analyze each separate transaction by showing its effects on the accounting equation-spechcely ourely the accounts and aures including or) for each transaction Note: Enter all amounts as positive values Date July 15 24 16 November 3 Assets .
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
Use the following information for the Exercises below. (Algo)
The following information applies to the questions displayed below]
1. On July 15, Piper Company sold $11,000 of merchandise (costing $5.500) for cash The sales tax rate is 5% On
August 1, Pper sent the sales tax collected from the sale to the government
2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $330 cash On November 20
the Bucks played the first game of the six-game pack this represented one-sath of the advance ticket sales
Exercise 9-3 (Algo) Financial statement impact of current liability transactions LO C2
Analyze each separate transaction by showing its effects on the accounting equation-specifically identify the accounts and amounts
(including or-) for each transaction
Note: Enter all amounts as positive values.
Date
July 15
July 16
August 1
November 3
Noventer 20
Asiats
< Prev
Sm
Liabilities
Next >
Equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0677b8fe-fd18-4976-90d6-ea9aceae4b95%2F36ff7807-d942-4a74-9b7d-7ce61ed4f8f8%2Fsmdbr8c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Use the following information for the Exercises below. (Algo)
The following information applies to the questions displayed below]
1. On July 15, Piper Company sold $11,000 of merchandise (costing $5.500) for cash The sales tax rate is 5% On
August 1, Pper sent the sales tax collected from the sale to the government
2. On November 3, the Milwaukee Bucks sold a six-game pack of advance tickets for $330 cash On November 20
the Bucks played the first game of the six-game pack this represented one-sath of the advance ticket sales
Exercise 9-3 (Algo) Financial statement impact of current liability transactions LO C2
Analyze each separate transaction by showing its effects on the accounting equation-specifically identify the accounts and amounts
(including or-) for each transaction
Note: Enter all amounts as positive values.
Date
July 15
July 16
August 1
November 3
Noventer 20
Asiats
< Prev
Sm
Liabilities
Next >
Equity
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