Santa's Helpers Ltd estimates its income taxes at 35% of pre-tax income. For the quarter ended September

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Santa's Helpers Ltd estimates its income taxes at 35% of pre-tax income. For the quarter ended September 30, pre-tax income was $200,000. Prepare the journal entry to record the estimated income taxes and the subsequent remittance on October 5.

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Santa's Helpers Ltd estimates its income taxes at 35% of pre-tax income. For the quarter ended September

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To record the estimated income taxes and the subsequent remittance we need to create two journal ent... View the full answer

College Accounting A Contemporary Approach

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