journal entry

A company reports pretax accounting income of $26 million, but because of a single temporary difference, taxable income is $28 million. No temporary differences existed at the beginning of the year, and the tax rate is 25% Prepare the appropriate journal entry to record income taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Journal entry worksheet