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Excise and Sales Tax Calculations Barnes Company has just billed a customer for $1,500, an amount that includes a 10% excise tax and a 6%

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Excise and Sales Tax Calculations Barnes Company has just billed a customer for $1,500, an amount that includes a 10% excise tax and a 6% state sales tax. a. What amount of revenue is recorded? b. Prepare a general journal entry to record the transaction on the books of Barnes Company, Round all answers to the nearest dollar Support 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

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