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If there are no journal entries that are posted to the gneral ledger about income tax, can you do a adjusting entry for this events?
If there are no journal entries that are posted to the gneral ledger about income tax, can you do a adjusting entry for this events?
The adjusting journal entry is
Jackson estimates that the company will pay an income tax rate of 11%. But there were not any orginal journal entries about income tax.
The net income is $1354 |
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