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Che Use the following information from separate companies a through d. a. b. a. d. Net Income (Loss) $ 182,000 176) 600 154,700 185,100 Interest

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Che Use the following information from separate companies a through d. a. b. a. d. Net Income (Loss) $ 182,000 176) 600 154,700 185,100 Interest Expense $ 63,700 75,938 60,333 7,404 Income Taxes $ 45,500 63,576 64,974 88,848 Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of the accounting adjustment (dated as of December 31) to get the correct ending balance in the Income Taxes Payable account. (Round intermediate calculations to the nearest whole dollar amount.) Amount of accounting adjustment Required Required 2 > Use the following information from separate companies a through d. b. c. d. Net Income (Loss) $ 182,000 176,600 154,700 185,100 Interest Expense $ 63,700 75,938 60,333 7,404 Income Taxes $ 45,500 63,576 64,974 88,848 Compute times interest earned. Which company indicates the strongest ability to pay Interest expense as it comes due? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record (a) the December 31 adjustment to the Income Taxes Payable account and (b) the later January 20 payment of the fourth-quarter taxes. (Round Intermediate calculations to the nearest whole dollar amount.) View transaction list Journal entry worksheet 1 2 Record the December 31 adjustment to the Income Taxes Payable account: Note: Enter debits before credits General Journal Debit Credit Date December 31 View general Journal Clear entry Record entry Required 1 Required 2 Prepare journal entries to record (a) the December 31 adjustment to the Income Taxes Payable account ar payment of the fourth-quarter taxes. (Round Intermediate calculations to the nearest whole dollar amount View transaction list Journal entry worksheet 1 2 Record the payment of the fourth-quarter taxes on January 20. Note: Enter debits before credits. General Journal Debit Credit Date January 20 Record entry Clear entry View general Journal

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