Excise and Sales Tax Calculations Allied Company has just billed a customer for $5,200, an amount that includes a ten percent excise tax and a six percent state sales tax.

Assignment navigation CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 10 Not complete Mark 7.00 out of 11.00 P Flag question Excise and Sales Tax Calculations Allied Company has just billed a customer for $5,200, an amount that includes a ten percent excise tax and a six percent state sales tax. 1 23 45 6 789 10 11 12 13 a. What amount of revenue is recorded? Finish attempt... 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 s 0 General Journal Debit Credit Date Description Dec.31 Accounts Receivable# 5,200 437 X Excise Tax Payable Sales Tax Payable 262 X Sales 4368 X To record sale on account subject to excise tax and sales tax. Check