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A corporation has paid estimated income taxes of $41,600 during the year 20X1. At the end of the year, the corporation's tax bill is
A corporation has paid estimated income taxes of $41,600 during the year 20X1. At the end of the year, the corporation's tax bill is computed to be $48,300. Required: Give the general journal entry to adjust the Income Tax Expense account. View transaction list Journal entry worksheet < 1 Record the entry to adjust the Income Tax Expense account. Note: Enter debits before credits. Date Dec. 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal
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