Question: Alsup Consulting sometimes performs services for which it recelves payment at the conclusion of the engagement, up to six months. after services commence. Alsup recognizes



Alsup Consulting sometimes performs services for which it recelves payment at the conclusion of the engagement, up to six months. after services commence. Alsup recognizes service revenue for financial reporting pumposes when the services are performed For tax purposes, revenue is reported when fees are collected Service revenue, colfections, and pretax accounting income for 2023 -2026 ore as follows: There are no differences between accounting income and taxable income other than the temporary difference described above. The. enacted tak rate for eoch year is 25% (Hint You will find it helpful to prepare a schedule that shows the balances in service revenue recelvable at December 31,2023 2026.) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2024 income taxes, 2025 income taxes, and 2026 income taxes Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in whole dollars, Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2024 income taxes, 2025 income taxes, and 2026 income taxe Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your a in whole dollars. Journal entry worksheet Thoten Entem mepth perore creolw: Journal entry worksheet Journal entry worksheet 1
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