Exercise 8-67 (Algorithmic) Sales Tax Phillippi Phones, Inc. provides wireless phone service. During April 2020, it billed customers a total of $185,000 before taxes. Phillippi also must pay the following taxes on these charges: a. State of Illinois sales tax of 7% b. Federal excise tax of 0.2% c. State of Illinois excise tax of 0.3% Required: Assuming Phillippi collects these taxes from the customers, what journal entry would Phillippi make when the customers pay their bills? If an amount box does not require an entry, leave it blank. (Record sale)