Question

Delta Corp. recorded $36,000 in estimated income taxes on the last day of each month and made the payment on the 15th of the following month. On December 31, 2014, Delta’s year-end, it was determined that total income tax expense for the year was $402,000. Record the income tax expense on December 31 (assuming no entry has yet been made in December to record tax) and the payment on January 15, 2015.



$1.99
Sales0
Views74
Comments0
  • CreatedJanuary 08, 2015
  • Files Included
Post your question
5000