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Need help on accounting HW PLZ Question 4 Not complete Points out of 1 P Flag question Excise and Sales Tax Calculations Barnes Company has
Need help on accounting HW PLZ
Question 4 Not complete Points out of 1 P Flag question Excise and Sales Tax Calculations Barnes Company has just billed a customer for $1,044, 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 0 General Journal Debit Credit Date Description s 0 0 Dec.31 Excise Tax Payable Sales Tax Payable To record sale on account subject to excise tax and sales tax. CheckStep by Step Solution
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