+ Chapter 19 HW Question 6 of 6 13.7/20 Prepare the journal entries for 2020 and 2021, assuming that based on the weight of available evidence, it is more likely than not that one-fourth of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation 2020 Deferred Tax Asset 39140 39140 Income Tax Expense (To record refund.) Income Tax Expense Allowance to Reduce Deferred Tax Asset to Expected Realiz (To record allowance.) 2021 Income Tax Expense Deferred Tax Asset IMG_1916JPG 2 Feb 20statement.pdf IMG 1917.JPG o Type here to search