FINANCIAL ACCOUNTING ACCT 2301 >IC<
FINANCIAL ACCOUNTING ACCT 2301 >IC<
5th Edition
ISBN: 9781259690457
Author: Wild
Publisher: MCGRAW-HILL CUSTOM PUBLISHING
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Chapter 9, Problem 15E

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, 2015, adjustment to the Income Taxes Payable account and (b) the January 20, 2016, payment of the fourth-quarter taxes.

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How JOURNAL ENTRIES Work (in Accounting); Author: Accounting Stuff;https://www.youtube.com/watch?v=Y-_Q3rANyxU;License: Standard Youtube License