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Given the following information Actual Tax Payable/ Expense 79,425 Tax Payable based on Accounting Income 89,100 Temporary Difference: (9,675) Deferred Tax Asset 1,575 Deferred Tax

Given the following information

  • Actual Tax Payable/ Expense 79,425
  • Tax Payable based on Accounting Income 89,100
  • Temporary Difference: (9,675)
  • Deferred Tax Asset 1,575
  • Deferred Tax Liability 11.250

Prepare the adjusting journal entries required to record income taxes for 2019.

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