Question: Please make journal entrys for these questions Ive already done them but am not sure if I did them correctly 6. Income Taxes A. The

Please make journal entrys for these questions Ive already done them but am not sure if I did them correctly  Please make journal entrys for these questions Ive already done them

but am not sure if I did them correctly 6. Income TaxesA. The company paid its 20Y8 income taxes in March of 2049.

6. Income Taxes A. The company paid its 20Y8 income taxes in March of 2049. B. The company has a 30% income tax rate for both 2048 and 2049. 7. Common Stock A. Dividends of $2,200 were declared and paid during 2049. B. New common stock was issued for $15,000 during 2049. $18,000 5,000 (400) ASSETS Cash Accounts Receivable Less: Allowance for Doubtful Accounts Net Accounts Receivable Prepaid Rent Inventory Property, Plant, and Equipment Less: Accumulated Depreciation Net Property, Plant, and Equipment Total Assets LIABILITIES + OWNER'S EQUITY 4,600 1,400 2,000 52,100 (22,600) 29,500 $55,500 LIABILITIES + OWNER'S EQUITY Accounts Payable Wages Payable Interest Payable Income Taxes Payable Notes Payable Total Liabilities $3,500 165 45 850 3,000 7,560 Common Stock Retained Earnings Total Owner's Equity Total Liabilities + Owner's Equity 21,000 26,940 47,940 $55,500

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