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Check n The DeVille Company reported pretax accounting income on its income statement as follows: $435,000 355,000 2018 6.66 2019 points 2020 425,000 465,000 2021
Check n The DeVille Company reported pretax accounting income on its income statement as follows: $435,000 355,000 2018 6.66 2019 points 2020 425,000 465,000 2021 Skipped Included in the income of 2018 was an installment sale of property in the amount of $64,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $25,600 in 2019, $32,000 in 2020, and $6,400 in 2021. Ask Included in the 2020 income was $27,000 interest from investments in municipal bonds. The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond Print Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet > 3 4 Record 2018 income taxes Note: Enter debits before credits 1
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