Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: 2020 2821 2022 2023 Service Revenue $684,000 Collections $644,000 774,000 802,000 734,000 740,000 726,000 744,000 Pretax Accounting Income $210,000 284,000 252,000 224,000 There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25%. (Hint: You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020- 2023.) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2021 income taxes, 2022 income taxes and 2023 income taxes. (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet < 2 3 Record 2023 income taxes. Note: Enter debits before credits. Event 3 General Journal Debit Credit Record entry Clear entry View general journal Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue $684,000 Collections $644,000 Pretax Accounting Incone $210,000 774,000 802,000 284,000 734,000 726,000 740,000 744,000 252,000 224,000 There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25% (Hint: You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020- 2023.) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2021 income taxes, 2022 income taxes and 2023 income taxes. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Enter your answers In whole dollars.) View transaction list Journal entry worksheet 2 3 Record 2022 income taxes. Note: Enter debits before credits Event General Journal Detail Credit 2 Record entry Clear entry View general journal Ulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: ces Service Revenue Collections Pretax Accounting Incone 2020 2021 $684,000 $644,000 $210,000 774,000 802,000 284,000 2022 2023 726,000 744,000 252,000 224,000 734,000 740,000 There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25%. (Hint: You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020- 2023) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2021 income taxes, 2022 income taxes and 2023 income taxes. (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet < 1 2 3 Record 2021 income taxes. Note: Enter debits before cred Event General Journal Debit Credit 1 Income tax expense Deferred tax asset Income tax payable View general journal Record entry Clear entry