24.Two accounting entries are required for income tax: one to provide for the tax; and one to pay the tax. On 28 October 2024, Stevens Ltd pays the tax authorities the $54 000 provided as a liability on 30 June 2024. The correct journal entry to record this payment is:

Group of answer choices

1.DR Current tax liability $54 000; CR Bank $54 000

2.DR Income tax expense $54 000; CR Bank $54 000

3.DR Income tax expense $54 000; CR Current tax liability $54 000

4.DR Bank $54 000; CR Income tax expense $54 000