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For the year ended June 30, 2024, Larkspur inc. had service revenue of $940,000 and operating expenses of $658,000. The company has a 15% income

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For the year ended June 30, 2024, Larkspur inc. had service revenue of $940,000 and operating expenses of $658,000. The company has a 15% income tax rate. No income tax instalments have been paid or recorded. Prepare the journal entry to record income tax. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tittes and enter 0 for the amounts. List debit entry before credit entry)

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