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Brief Exercise 4.9 (Static) Accruing Unpaid Income Taxes (L04-5) Alexander's unadjusted trial balance dated December 31, year 1, reports Income Taxes Expense of $100,000, and
Brief Exercise 4.9 (Static) Accruing Unpaid Income Taxes (L04-5) Alexander's unadjusted trial balance dated December 31, year 1, reports Income Taxes Expense of $100,000, and Income Taxes Payable of $25,000. The company's accountant estimates that income taxes expense for the entire year ended December 31, year 1, is $140,000 o. Prepare the necessary adjusting entry for income taxes expense on December 31. year 1. b. Determine the amount of income taxes payable reported in the balance sheet dated December 31, year 1. Required A Required B Prepare the necessary adjusting entry for income taxes expense on December 31, year 1. (If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction Not View journal entry worksheet No 1 Date Dec 31 General Journal Debit Credit Income taxes expense Income ces payable Required Required B >
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