Music Media Ltd. prepares statements quarterly. Part A: Required: 1. Based on 2022 results, Music's estimated tax liability for 2023 is $342,960. Music will accrue 1/31 of this amount at the end of each month (assume the installments are paid the next day). Prepare the entry on January 31, 2023, to accrue the tax liability and on February 1 to record the payment. View transaction es fournal entry worksheet No Date General Journal 1 January 31, 2023 Income tax expense Income tax payable 2 February 01, 2023 Income tax payable Cash Debit Credit 11,063 < Prev 3 of 10 Next > 11,063 11,063) 11,063