A corporation has paid estimated income taxes of $50,000 during the year 20X1. At the end of

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A corporation has paid estimated income taxes of $50,000 during the year 20X1. At the end of the year, the corporation’s tax bill is computed to be $52,000. Give the general journal entry to adjust the Income Tax Expense account.

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College Accounting Chapters 1-30

ISBN: 9781260247909

16th Edition

Authors: David Haddock, John Price, Michael Farina

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Question Posted: Sep 27, 2022 02:05 AM

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A corporation has paid estimated income taxes of $50,000 during the year 20X1. At the end of

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DATE 6 GENERAL JOURNAL DESCRIPTION Adj...View the full answer

College Accounting Chapters 1-30

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