Principles of Financial Accounting.
Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Chapter 11, Problem 17E

1.

To determine

Ascertain the amount of the accounting adjustments to produce the proper ending balance in the income taxes payable account.

2.

To determine

Prepare journal entry to record (a) the December 31, adjustment to the Income Taxes Payable account and (b) the January 20, and payment of the fourth-quarter taxes.

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Principles of Financial Accounting.

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