Question: In 2 0 1 3 , Company B ' s Income Before Taxes for the year is $ 1 0 0 , 0 0 0

In 2013, Company B's Income Before Taxes for the year is $100,000 but the Taxable Income according to the tax return was $110,000 due to a temporary timing difference. The tax rate is 20%. An adjusting entry to record taxes was recorded at December 31,2013. It is mid-April and Company B pays their taxes for the prior year. What is the entry required to record the payment?

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