QUESTION 7 Answer saved Marked out of 11.00 Flag question Excise and Sales Tax Calculations Allied Company has just billed a customer for $13,050, an amount that includes a ten percent excise tax and a six percent state sales tax. a. What amount of revenue is recorded? b. Prepare a journal entry to record the transaction on the books of Allied Company. Round all answers to the nearest dollar a. Amount of recorded revenue$ 0 b. General Journal Date Description Debit Credit Dec.31 | Accounts Receivable # $ 13,050 Excise Tax Payable Sales Tax Payable 0 Sales To record sale on acc t to excise tax nd sales tax