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###A company has temporary differences between its book income and taxable income that will result in taxable amounts of $ 2 0 , 0 0

###A company has temporary differences between its book income and taxable income that will result in taxable amounts of $20,000 in the following year, and deductible amounts of $20,000 in the year after that. The current tax rate is 30%. Prepare the journal entries to record income taxes for the current year.

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