Yossarian Power Corporation provides electricity to a wide area of eastern Maine. During March 2012 it billed 3,000 of its residential customers located in the town of Maryville a total of $393,000 for electricity. In addition Yossarian Power is required to collect the following taxes:
a. State Excise Tax: A tax of $3.50 per customer plus 2 percent of billing used to fund the Maine Energy Commission
b. Federal Excise Tax: A tax of $0.50 per customer plus 0.15 percent of billing used to fund the Federal Energy Commission

Required:
1. Determine how much Yossarian Power will bill these 3,000 customers in total for the month of March 2012.
2. Prepare the entry to record the billing of these amounts.
3. Prepare the entry to record the collection of these amounts.
4. Prepare the entry to record the payment of the state excise taxes to the appropriate governmental unit.