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 assuming that there were no deferred tawes at the end of Lht alf debit entries before oredt estries Orefit account bities art enter 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 ansurning that there was abolance of $ in a Deferred Tax Libbility acoount at the end of 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 andhill Company has $ of comulabe temporary differencis that will reult in reporting the following future tacible amounts.
table$
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