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E Menu K HERE TO REVIEW 7 Not yet answered Marked out of 11.00 Plag question Excise and Sales Tax Calculations Allied Company has just
E Menu K HERE TO REVIEW 7 Not yet answered Marked out of 11.00 Plag question Excise and Sales Tax Calculations Allied Company has just billed a customer for $91,000, an amount that includes a ten percent excise tax and a six percent state sales tax. a. What amount of revenue is recorded? b. Prepare a journal entry to record the transaction on the books of Allied Company. Round all answers to the nearest dollar a. Amount of recorded revenue General journal Excise Tax Payable Sales Tax Payable To record sale on account subject to excise tax and sales tax Answers Previous page Next page S0 ee8 a 5 6 7 8 9 WIE
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