Excise taxes Clinton Power provides electricity to a wide area of western Kentucky. During October 2019 tied 18.500 of its customers located in the town of Stewarthaal of 2.50.000 electricity (this is considered revenue). In addition inton is required to collect the following taxes a. State Excise Tax A tax of $3.00 per customer plus 2 of biling nied to find the Kentucky Energy Commission b. Federal Excise Tax A tax of $0.50 per customer plus 0.1% of billing used to fund the Federal Condon Required: If required, round your answers to the nearest cent. 1. Determine how much Clinton will bill these customers in total for the month of October 2019 2. Prepare the entry to record the billing of these amounts. If an amount box does not require an entry, leave it blank. (Record sale) 3. Prepare the entry to record the collection of these amounts -WagnmenSessiontocator Binprogress false aps eBook Calculator 1. Determine how much Clinton will bill these customers in total for the month of October 2019. 2. Prepare the entry to record the billing of these amounts. If an amount box does not require an entry, leave it blank. call (Record sale) 3. Prepare the entry to record the collection of these amounts. (Record collection of receivables) 4. Prepare the entry to record the payment of the state excise taxes to the appropriate governmental unit. (Record payment) Check My Work 10 more Check My Work uses remaining Em CTO All work saved