Blue Spruce Inc reports the following incomes losses) for both book and tax purposes (assume the carryback provision is used where possible) Accounting Income Year (less) Tax Rate 2017 $195 000 254 2018 115 000 2019 320,000) 304 2020 49 000 The tax rates listed were all enacted by the beginning of 2017 Prepare the journal entries for each of the years 2017 to 2020 to record income taces, assuming at December 31, 2019, that it was more likely than not that the company would not be able to benefit from the remaining losses available to carry forward (Credit accountitles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter for the amounts ) Date Account Titles and Explanation Credit 2008 2020 (Partiol) Income statements 2017 2018 2019 2020 Blue Spruce Inc reports the following incomes losses) for both book and tax purposes (assume the carryback provision is used where possible) Accounting Income Year (less) Tax Rate 2017 $195 000 254 2018 115 000 2019 320,000) 304 2020 49 000 The tax rates listed were all enacted by the beginning of 2017 Prepare the journal entries for each of the years 2017 to 2020 to record income taces, assuming at December 31, 2019, that it was more likely than not that the company would not be able to benefit from the remaining losses available to carry forward (Credit accountitles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter for the amounts ) Date Account Titles and Explanation Credit 2008 2020 (Partiol) Income statements 2017 2018 2019 2020

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Blue Spruce Inc  reports the following incomes losses) for both book and tax purposes (assume the carryback provision is used where possible)  Accounting Income Year (less) Tax Rate 2017 $195 000 254 2018 115 000 2019 320,000) 304 2020 49 000 The tax rates listed were all enacted by the beginning of 2017  Prepare the journal entries for each of the years 2017 to 2020 to record income taces, assuming at December 31, 2019, that it was more likely than not that the company would not be able to benefit from the remaining losses available to carry forward  (Credit accountitles are automatically indented when the amount is entered  Do not indent manually  If no entry is required, select  No Entry for the account titles and enter for the amounts ) Date Account Titles and Explanation Credit 2008 2020 (Partiol) Income statements 2017 2018 2019 2020 Blue Spruce Inc  reports the following incomes losses) for both book and tax purposes (assume the carryback provision is used where possible)  Accounting Income Year (less) Tax Rate 2017 $195 000 254 2018 115 000 2019 320,000) 304 2020 49 000 The tax rates listed were all enacted by the beginning of 2017  Prepare the journal entries for each of the years 2017 to 2020 to record income taces, assuming at December 31, 2019, that it was more likely than not that the company would not be able to benefit from the remaining losses available to carry forward  (Credit accountitles are automatically indented when the amount is entered  Do not indent manually  If no entry is required, select  No Entry for the account titles and enter for the amounts ) Date Account Titles and Explanation Credit 2008 2020 (Partiol) Income statements 2017 2018 2019 2020

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Blue Spruce Inc. reports the following incomes losses) for both book and tax purposes (assume the carryback provision is used where possible): Accounting Income Year

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