SALES TAX Yossarian Power Corporation provides electricity to a wide area of eastern Maine. During March 2009 it billed 3,000 of its residential customers located in the town of Maryville a total of $393,000 for electricity. In addition Yossarian Power is required to collect the following taxes:

a. Meter Charge: A flat rate of $3.50 per customer remitted to the local municipality

(Maryville) to maintain and read the customer’s meter

b. Public Benefit Charge: A State of Maine mandated charge of $1.05 per customer for investing in energy efficiency, renewable energy, and low-income assistance programs

c. State Tax: A tax of 2 percent used to fund the Maine Energy Commission

d. Federal Excise Tax: A tax of 0.15 percent used to fund the Federal Energy Commission Required:

. Determine how much Yossarian Power will bill these 3,000 customers in total for the month of March 2009.

. Provide the entry to record the billing of these amounts.

. Provide the entry to record the collection of these amounts.

. Provide the entry to record the payment of the sales taxes to the appropriate governmental unit.