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Reapan Gas provides gas utilities to a wide areu of eastem Illinow, Durmo the month of May, it bulled 18,500 of its residential customers lecated
Reapan Gas provides gas utilities to a wide areu of eastem Illinow, Durmo the month of May, it bulled 18,500 of its residential customers lecated in the town of Modine a total of $2,650,000 for electricity (this is considored revenue). In addition, Reagan is requited to collect the following taxes: a. State txcise Tax: A^ lax of $3.00 per customer plus 2% of billing used to fund the Kentucky Energy Comurision Required: Whein tequired, round your answers to two decimal places. 1. Detrrmune haw much Resoan wal bill these custorners in total for the month of May. resting 3. Prepare the entry to iecard the collection of these amoints. If an amount box does not require an entry, bive it blark Gecord collettion of receivibies)
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