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Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes

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Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue 5676,000 766,000 726,000 732,000 Collections $636, ed 794.000 718,000 736,000 Pretax Accounting Income $ 202,000 276.000 244,000 216.000 There are no differences between accounting income and taxable income other than the temporary difference described above The enacted tax rate for each year is 25% (Hint You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020. 2023) Required: 1. to 3. Prepare the appropriate Journal entries to record Alus 2021 income taxes 2022 income taxes and 2028 meomename, crno entry is required for otronsaction/event, select No journal entry required" in the first account field. Enter your newerkin thousands (e.g. 150,000 should be entered as 150). View transaction list Journal entry worksheet C 1 2 3 > Record 2021 income taxes. Note: Enter debits before credits General Journal Debit Credit Event 1 Record entry Clear entry View general journal View transaction list Journal entry worksheet N Record 2022 income taxes. Note: Enter debits before credits. General Journal Debit Credit Event 2 Record entry Clear entry View general journal View transaction list Journal entry worksheet

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