bh.3 Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six monthsafter services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For taxpurposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2023-2026are as follows:Service RevenueCollections202320242025$ 692,000$ 652,000782,000810,0002026734,000752,000742,000748,000Pretax AccountingIncome$ 218,000292,000260,000232,000There are no differences between accounting income and taxable income other than the temporary difference described above. Theenacted 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, 2023-2026.)Required:1. to 3. Prepare the appropriate journal entries to record Alsup's 2024 income taxes, 2025 income taxes, and 2026 income taxes.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answersin whole dollars.

Asset valuation, revenue recognition, and depreciation techniques are only a few of the causes of…

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 2023-2026 are as follows: Service Revenue Collections 2023 $ 692,000 $ 652,000 2024 2025 782,000 742,000 2026 810,000 734,000 752,000 Pretax Accounting Income $ 218,000 292,000 260,000 232,000 748,000 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, 2023- 2026.) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2024 income taxes, 2025 income taxes, and 2026 income taxes. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers عبدالماء عامطس من