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Elder Helpers Ltd estimates its income taxes at 35% of pre-tax income. For the quarter ended September 30, pre-tax income was $220,000. Prepare the journal

Elder Helpers Ltd estimates its income taxes at 35% of pre-tax income. For the quarter ended September 30, pre-tax income was $220,000. Prepare the journal entry to record the estimated income taxes and the subsequent remittance on October 5.

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