View Policies Current Attempt in Progress For the year ended June 30, 2024, Tamarisk Inc. had service revenue of $780,000 and operating expenses of $546,000. The company has a 15% income tax rate. No income tax instalments have been paid or recorded. Prepare the journal entry to record income tax. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles June 30 Debit Credit
View Policies Current Attempt in Progress For the year ended June 30, 2024, Tamarisk Inc. had service revenue of $780,000 and operating expenses of $546,000. The company has a 15% income tax rate. No income tax instalments have been paid or recorded. Prepare the journal entry to record income tax. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles June 30 Debit Credit
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 10.11EX: Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., 120,000 was...
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