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give fast reply plzzz... BCB Corporation has made 11 monthly payments totaling $160,000 for its estimated annual income tax. At year end, income tax expense
give fast reply plzzz...
BCB Corporation has made 11 monthly payments totaling $160,000 for its estimated annual income tax. At year end, income tax expense for BCB Corporation amounts to $185,000. The adjusting entry will involve a: debit to Income Tax Expense for $185,000. debit to Income Tax Expense for $25,000. credit to Income Tax Payable for $185,000. debit to Income Tax Payable for $25,000Step by Step Solution
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