accounting, i do not have the option to label the credit entry "income tax benefit- operating loss" i do not know why.

During its first year of operations, Sive.com reported a net operating loss of $12 million for financial reporting and tax purposes. The enacted tax rate is 25%. Prepare the journal entry to recognize the income tax benefit of the net operating loss. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record the income tax benefit of the net operating loss. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Deferred tax asset Deferred tax asset Record entry Clear entry View general journal