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Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue $704.000 794.000 754.000 760,000 Collections $664,000 322.000 746.000 764,000 Pretax Accounting Incon $230,000 304,000 272.000 244,000 There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25%. (Hint: You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31 2020- 2023) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2021 income taxes, 2022 income taxes and 2023 income taxes. (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transaction ist Journal entry worksheet 1 2 3 Record 2021 Income taxes Note: Enter debits before credit Event General Journal Debit Crede 1 Recordantry Clear entry View general journal Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue $704,000 794,000 254,000 760,000 Collections $664,000 822,000 746,000 764,000 Pretax Accounting Incone $230,000 304,000 272,000 244,000 There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25% (Hint: You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020- 2023) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2021 income taxes, 2022 income taxes and 2023 income taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction ist Journal entry worksheet 1 2 3 Record 2022 Income taxes. Notet Enter debits before credits Event 2 General Journal Debit Credit Record entry Clear entry View general Journal Check my work Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and protax accounting income for 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue $700,000 (174,000 254,000 Collections 5564.000 122.000 746,000 Pretax Accounting Income $210,000 304,000 212,000 244,000 There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25% (Hint You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020- 2023) Required: 1. to 3. Prepare the appropriate Journal entries to record Alsup's 2021 income taxes, 2022 income taxes and 2023 Intome taxes (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 2 3 Record 2023 Income taxes. Note: Enter debits before credits Event General Journal Debit Credit 3 Racord entry Clear entry View general journal