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Please tell me how to solve the Excise and sales tax in detail Excise and Sales Tax Calculations Allied Company has just billed a customer

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Excise and Sales Tax Calculations Allied Company has just billed a customer for $1,160, an amount that includes a ten percent excise tax and a six percent state sales tax. a. What amount of revenue is recorded? b. Prepare a journal entry to record the transaction on the books of Allied Company. Round all answers to the nearest dollar. a. Amount of recorded revenue$ b. General Journal Debit Credit Date Description 1,160 Dec.31 Accounts Receivable 116 X Excise Tax Payable 69.6 Sales Tax Payable 9744 X Sales To record sale on account subject to excise tax and sales tax

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