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On January 31, Lighthouse Co. paid the monthly tax instalment of $400. What accounts, if any, would Lighthouse debit and credit for this item?

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On January 31, Lighthouse Co. paid the monthly tax instalment of $400. What accounts, if any, would Lighthouse debit and credit for this item? Dr. Income tax expense, Cr. Income tax payable a. Dr. Income tax expense, Cr. Cash No entry required Dr. Income tax payable, Cr. Income tax expense Dr. Income tax payable, Cr. Cash

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