28 and the requirement

Sales on account in the amount of $225,000 Warranty repairs made in the amount of $65,000 No expenses incurred. ment: Prepare the journal entries for 2015 and 2016 to record , warranty, and income tax transactions, assume a 40% tax Require he sales rate. (4 points) 28) Violet Corporation reported a loss in 2015 of $700,000. The company reported taxable income of $280,000 in 2013 and $205,000 in 2014. It has no permanent or temporary differences and its tax rate is 40%. Requirement: What is the necessary journal entry for 2015? (1.5points) 29 ABC accepts a $400,000, 9% , two-year note from DEF on July 1, 2016, and lends cash to DEF. This note matures on June 30, 2018, and requires annual installment payments each June 30 until maturity. The market rotefi