Question: Prepare the adjusting entry required for each transaction at December 3 1 of the current year. Note: Round the income tax computation to the nearest

Prepare the adjusting entry required for each transaction at December 31 of the current year.
Note: Round the income tax computation to the nearest dollar. If no entry is required for a transaction/event, select "No journal
entry required" in the first account field.
Answer is complete but not entirely correct.
Prepare the adjusting entry required for each transaction at December 31

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