{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-17T06:42:57-04:00", "answer_date": "2024-06-17 06:42:57", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3180687", "url": "\/study-help\/questions\/if-you-have-an-unadjusted-trial-balance-with-a-income-3180687", "question_creation_date_js": "2024-06-17T06:42:57-04:00", "question_creation_date": "Jun 17, 2024 06:42 AM", "meta_title": "[Solved] If you have an unadjusted trial balance w | SolutionInn", "meta_description": "Answer of - If you have an unadjusted trial balance with a Income Tax Payable of 400,000 (DR) where did the (CR) go? Cash? Keep in | SolutionInn", "meta_keywords": "unadjusted,trial,balance,income,tax,payable,400,000,dr,cr,cash,mind,end", "question_title_h1": "If you have an unadjusted trial balance with a Income Tax Payable of 400,000 (DR) where did the (CR) go? Cash? Keep in mind the", "question_title": "If you have an unadjusted trial balance with a Income Tax Payable", "question_title_for_js_snippet": "If you have an unadjusted trial balance with a Income Tax Payable of 400,000 (DR) where did the (CR) go Cash Keep in mind the Income tax for end of year has not been calculated yet The unadjusted trial balance is balanced You have no journal entries for reference and there is a note that 900,000 tax payments was made during the year Once the year end income tax is calculated how is the trial balance sheet adjusted ", "question_description": "

If you have an unadjusted trial balance with a Income Tax Payable of 400,000 (DR) where did the (CR) go? Cash? Keep in mind the Income tax for end of year has not been calculated yet. The unadjusted trial balance is balanced. You have no journal entries for reference and there is a note that 900,000 tax payments was made during the year. Once the year end income tax is calculated how is the trial balance sheet adjusted?<\/p>", "transcribed_text": "", "related_book": { "title": "Cornerstones of Financial and Managerial Accounting", "isbn": "9780538751292, 324787359, 538751290, 978-0324787351", "edition": "1st Edition", "authors": "Rich Jones, Mowen, Hansen, Heitger", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/145.jpg", "uri": "\/textbooks\/cornerstones-of-financial-and-managerial-accounting-1st-edition-145", "see_more_uri": "" }, "free_related_book": { "isbn": "1680994689", "uri": "\/textbooks\/the-little-book-of-restorative-justice-for-colleges-and-universities-repairing-harm-and-rebuilding-trust-in-response-to-student-misconduct-updated-edition-978-1680994681-378315", "name": "The Little Book Of Restorative Justice For Colleges And Universities Repairing Harm And Rebuilding Trust In Response To Student Misconduct", "edition": "Updated Edition" }, "question_posted": "2024-06-17 06:42:57", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/water-is-heated-by-submerging-50-mm-diameter-thin-walled-copper", "description": "Water is heated by submerging 50-mm diameter, thin-walled copper tubes in a tank and passing hot combustion gases (Tg = 750 K) through the tubes. 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