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please record 36-39 in the general journal using the worksheet begin{tabular}{|l} hline hline June 30:Income taxes are to be computed at the rate of

please record 36-39 in the general journal using the worksheet image text in transcribed
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\begin{tabular}{|l} \hline \\ \hline June 30:Income taxes are to be computed at the rate of 25 percent of net income before taxes. \end{tabular} 3une 30:Income taxes are to be computed at the rate of 25 percent of net income before taxes. [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line. The worksheet contains all of the accounts and their balances which you can then transfer to the appropriate financial statement.]

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