Problem 6 Bronson Industries reported a pretax income of $2,700,000, but because of a single temporary difference, taxable income was only $2,300,000. No temporary differences existed at the beginning of the year, and the tax rate is 40%. Prepare the appropriate journal entry to record income taxes. Journal entries DEBIT CREDIT Problem 7 Sterling, Inc. reported a pretax income of $3,300,000, but because of a single temporary difference, taxable income is $3,750,000. No temporary differences existed at the beginning of the year, and the tax rate is 35%. Prepare the appropriate journal entry to record the income taxes. Journal entries DEBIT CREDIT