During 2017, Victory Bubble Tea House recorded $36,000 in estimated income taxes on the Jast day...
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During 2017, Victory Bubble Tea House recorded $36,000 in estimated income taxes on the Jast day at each month and made the payment on the 15th of the following month. On December 31, 2017,. Victonis year-end, it was determined that total income tax expense for the year was $402,000. Record the income tax expense on December 31 (assuming no entry has yet been made in December to record tax) and the payment on January 15, 2018. During 2017, Victory Bubble Tea House recorded $36,000 in estimated income taxes on the Jast day at each month and made the payment on the 15th of the following month. On December 31, 2017,. Victonis year-end, it was determined that total income tax expense for the year was $402,000. Record the income tax expense on December 31 (assuming no entry has yet been made in December to record tax) and the payment on January 15, 2018.
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Year 2017s total income tax expenses are 402000 actual This means that Income Tax expense should hav... View the full answer
Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann L. Johnston, Peter R. Norwood
Posted Date:
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