Music Media Ltd. prepares statements quarterly. Part A: Required: 1. Based on 2022 results, Music's estimated tax liability for 2023 is $297,960. Music will accrue 1/16 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 list Journal entry worksheet 1 2 Record the entry to accrue estimated income tax for January. Note: Enter debits before credits. Date January 31, 2023 General Journal Debit Credit