Excise and Sales Tax Calculations Barnes Company has just billed a customer for $1.010, an amount that includes a eleven percent excise tax and a four percent 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 $ o b. General Journal Date Description Debit Credit Dec.3 Excise Tax Payable Sales Tax Payable To record sale on account subject to excise tax and sales tax