Excise and Sales Tax Calculations Allied Company has just billed a customer for $1,160, 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 Description Debit Credit Date Dec.31 Excise Tax Payable Sales Tax Payable To record sale on account subject to excise tax and sales tax