Excise and Sales Tax Calculations Barnes Company has just billed a customer for $5,800, 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.

Question 5 Partially correct Mark 1.27 out of 2.00 P Flag question Excise and Sales Tax Calculations Barnes Company has just billed a customer for $5,800, 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 $ x b. Debit Credit 5,800 $ 0 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. 0 0 X X X 0 Check Question 5 Partially correct Mark 1.27 out of 2.00 P Flag question Excise and Sales Tax Calculations Barnes Company has just billed a customer for $5,800, 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 $ x b. Debit Credit 5,800 $ 0 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. 0 0 X X X 0 Check