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Ivanhoe Company has the following two temporary differences between its income tax expense and income taxes payable. The income tax rate for all years is

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Ivanhoe Company has the following two temporary differences between its income tax expense and income taxes payable. The income tax rate for all years is 20% (a) Assuming there were no temporary differences prior to 2025, prepare the journal entry to record income tax expense, deferced income taxes, and income taxes payable for 2025, 2026, and 2027. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) 2027 eTextbook and Media Ivanhoe Company has the following two temporary differences between its income tax expense and income taxes payable. The income tax rate for all years is 20% (a) Assuming there were no temporary differences prior to 2025, prepare the journal entry to record income tax expense, deferced income taxes, and income taxes payable for 2025, 2026, and 2027. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) 2027 eTextbook and Media

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