Assume taxable income was $425,000 in 2026. (List all debit entries before credit entries. Credit account titles
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Question:
Assume taxable income was $425,000 in 2026. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
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