Excise and Sales Tax Calculations Allied Company has just billed a customer for $13,050, 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 1 a, Amount of recorded revenues Debit Credit b. General Journal Date Description Dec 31 Accounts Receivable Excise Tax Payable Sales Tax Payable Sales . To record sale on account subject to excise tax and sales tax Previous Save Answers