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Help needed urgently Santiago Corporation estimated at the beginning of 20 - that its income tax for the year would be $200,000. 1. Calculate the
Help needed urgently
Santiago Corporation estimated at the beginning of 20 - that its income tax for the year would be $200,000. 1. Calculate the estimated income tax per quarter and show the third quarterly entry to pay the taxes. If an amount box does not require an entry, leave it blank. 2. As of December 31, 20-- Santiago Corporation had an actual tax liability of $200,437. Calculate the income tax due and make the necessary adjusting entry. If an amount box does not require an entry, leave it blankStep by Step Solution
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