Tb Saved Help Save & Exit Submit Check my work A company reports 2021 pretax accounting income of $14 million, but because of a single temporary difference, taxable income is only $9 million. No temporary differences existed at the beginning of the year, and the tax rate is 25% Prepare the appropriate journal entry to record 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 millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet 1 Record the income tax. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Prey 1 of 9 Next > 100% 12:21 PM 10/14/2 O . search