On December 31, 2023, the company owes 2023 federal income tax of $32,000 and 2023 property tax

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On December 31, 2023, the company owes 2023 federal income tax of $32,000 and 2023 property tax of $12,000. Both taxes to be paid by January 31, 2024

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what is the journal entry?

Related Book For answer-question

Intermediate Accounting

ISBN: 9781264134526

11th Edition

Authors: David Spiceland

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Posted Date: Apr 20, 2023 12:28 AM

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On December 31, 2023, the company owes 2023 federal income tax of $32,000 and 2023 property tax

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The journal entry to record the payment of 2023 federal income tax ... View the full answer

Intermediate Accounting

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