Excise and Sales Tax Calculations

Clifford Company has just billed a customer for $$1,100,$ an amount that includes a eight percent excise tax and a two 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 Clifford Company.

Round all answers to the nearest dollar.

a$.$ Amount of recorded revenue $Answer

$0$

b$.$

General Journal

Date Description Debit Credit

Dec$\mathrm{.}31$ Answer

Answer

$0$

Answer

$0$

Excise Tax Payable Answer

$0$

Answer

$0$

Sales Tax Payable Answer

$0$

Answer

$0$

Answer

Answer

$0$

Answer

$0$

To record sale on account subject to excise tax and sales tax.