Determine the proper amount of service revenue to report

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Reference no: EM13914752

Lindstrom Design Services billed its customers a total of $245,100 for the month of August, including 9 percent federal excise tax and 5 percent sales tax.

1. Determine the proper amount of service revenue to report for the month.

2. Prepare a journal entry to record the revenue and related liabilities for the month.

Reference no: EM13914752

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