Excise and Sales Tax Calculations Barnes Company has just billed a customer for $8,700, 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. a. Amount of recorded revenue $ General Journal Description Credit Dec 31 Excise Tax Payable Sales Tax Payable To record sale on account subject to excise