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please fix the ones that i have wrong The pretax financial income (or loss) figures for Blossom Company are as follows. 2021 $365,000 2022 $119,300
please fix the ones that i have wrong
The pretax financial income (or loss) figures for Blossom Company are as follows.
2021 $365,000
2022 $119,300
2023 (228,400)
2024 (203,300)
2025 163,000
2026 123,000
Prepare the journal entries for the years 2022 to 2026 to record income tax expense and the effects of the net operating loss carrybacks and carryforwards assuming Blossom Company uses the carryback provision. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.) (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)
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