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For the year ended June 30,2024 , Shamrock Inc. had service revenue of $750,000 and operating expenses of $525,000. The company has a 15% income
For the year ended June 30,2024 , Shamrock Inc. had service revenue of $750,000 and operating expenses of $525,000. 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 titles are automatically indented when the amount is entered. Do no indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before crec entry.)
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