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I need answers. thx Alsup Consulting sometimes performs services for which it recelves payment at the conclusion of the engagement, up to six months after
I need answers. thx Alsup Consulting sometimes performs services for which it recelves payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are coliected. Service revenue, collections, and pretax accounting income for 2023-2026 are as follows: There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25% (Hint You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 20232026) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2024 inconet taxes, 2025 income taxes, and 2026 income taxes Note: If no entry is required for o tronsoction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollors. Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2024 income taxes, 2025 income taxes, and 2026 income taxes. Note: If no entry is required for a tronsaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2024 income taxes, 2025 income taxes, and 2026 income taxes. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in whole dollars. Journal entry worksheet Required: 1. to 3. Prepare the appropriate journat entries to record Alsup's 2024 income taxes, 2025 income taxes, and 2026 income taxes Note: If no entry is required for o transaction/event, select "No journal entry required" in the first occount field. Enter your answers in whole dollars. Journal entry worksheet 3
I need answers. thx
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