Question: ( a ) Prepare the journal entry for Sandiil to record income taxes payable, deferred income taves, and income tax openee for 2 0 2

(a) Prepare the journal entry for Sandiil to record income taxes payable, deferred income taves, and income tax openee for 2024, assuming that there were no deferred tawes at the end of 2023.(Lht alf debit entries before oredt estries Orefit account bities art enter 0 for the amounts.)
Account Tities and Explanation
Debit
Credit
Ficome tix cxperset
Deserred Tax Lintility
Income Tax Pantie
(b) Prepare the journal entry for Sandhill to record income tasers payable, deferred income taves, and incone tax operse for 2004 ansurning that there was abolance of $21,800 in a Deferred Tax Libbility acoount at the end of 2023. the all debte entrien before ondit Entry' for the account tides and enter Ofor the anounts)
Account Titles and Explahation
Debit
Credit
eTrextbook and Media
thicthocounts
Your anwert is partolly correct.
At the end of 2024,5 andhill Company has $178,400 of comulabe temporary differencis that will reult in reporting the following future tacible amounts.
\table[[2005,$61,900
( a ) Prepare the journal entry for Sandiil to

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