QUESTION 7 Not yet answered Marked out of 11.00 Flg question Excise and Sales Tax Calculations Allied Company has just billed a customer for $91,000, an amount that includes a ten percent excise tax and a six percent state sales tax Fin 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 General journal Excise Tas Payable Sales Tax Payable To record sale on account subject so se tax and sales tax Next page 5 7 8 N M