income tax expense adn income tax payable

Account Nane Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Revenue BILL'S BOARDS Unadjusted Trial Balance At September 30 Debits Credits Notes $ 12,300 This balance equals the balance reported by the bank 920 A customer ordered 5920 of advertising services to be provided in October. The accountant recorded this service by debiting Accounts Receivable and crediting Service Revenge 1.040 Starting January 1, B agreed to pay $1,560 cash to rent the land on which its billboards are located, for the January- December period. The accountant adjusted this account on April 30 but has not adjusted it since. 0 still has supplies costing $31000 hand on September 30. 7,200 BB bought scaffolding and billboards in October last year. $0 Because the equipment was bought at the beginning of the fiscal year, so depreciation is carried forward from prior years. 2,510 Bo purchased and received 52, 510 of supplies used for creating advertising displays. The supplier is to be paid in 1.440 This balance relates to $1,440 cash paid by a customer in August for advertising from September 1-November 30. 0 Peployees are still waiting to be paid for the last half of September 310 18 hent paid the $310 tax oved from the 1,420 Be has issued 2.820 shares for $2,20 cash. 3,310 BB started business a few years 490, this is the total accumulated earnings up 61,300 3 has provided $2.920 of services for A hasn't yet billed customers or 46,600 BB an employees earn $4.600 per month. The Bccounting red in full on August 31. and were paid again on September is. 0 About $1.800 of the usefulness of the equipment 52,200 cont has been used up during the current fiscal year. 520 1 incurs all cost to rent the land on which its billboards are located. Rent for the current your has been paid in full 3,710 Ba accountant expensed $3,710 of supplies purchased during the year because he assumed the supplies would be completely used by year-end. As noted above, he BB tax rate is 201 of income before tax $ 72,290 $ 72,290 Salaries and Magen Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Rent Expense Bapplies Expense wrong. Income Tax Expense Totals 6 1 2,300 > Salaries and Wages Expense Salaries and Wages Payable 2,300 7 9 310 Supplies Supplies Expense 310 8 h Income Tax Expense Income Tax Payable Oo