Intermediate Accounting Chapter 3 Ex.o3.05.

Ardery Company Journal end of year adjusting entries are all correct.

I can not figure out the last entry. I know $8655 add Revenus (Debits)/- (Credits) expenses etc... to get adjusted pretax income. then multiply by 30% and enter adjusted entries to the journal.

But my totals keep coming out wrong.

The income tax rate is 30% on current income and is payable in the first quarter of next year. The pretax income before the adjusting entries is $8,655.

Dec 31 Adjusting entries

Salaries Expense	800
Salaries Payable		800
Selling Expenses	450
Advances to Sales Personnel		450
Depreciation Expense	3600
Accumulated Depreciation		3600
Office Supplies Expense	870
Office Supplies		870
Insuance Expense	210
Prepaid Insurandce		210
Rent Revenue	300
Unearned Rent		300
interest expense	855
Interest Payable		855
Interest rRceivable	40
Interest Revenue		40
Income Tax Expense
Income Taxes Payable