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Question 5 [10 points Segura Corporation propares interim financial statements each month As part of the process estimated income taxes of $2,750 are accrued each
Question 5 [10 points Segura Corporation propares interim financial statements each month As part of the process estimated income taxes of $2,750 are accrued each month The estimated income taxes are paid on the 19 of every month subsequent to the month of accrual. The actual amount of times due at the end of the year, December 31, 2014, is determined to be $35.100 Prepare journal entries to record the following a. The estimated income taxes on January 31, 2014 b. Payment of taxes on February 15 2014 The adjustment to Income Tax Payable on December 31, 2014 Enter the letters above as the explanation and the dates in the format dimmume 15/Jan) General Joma Page Gus Accoonplanation F Debit Credit
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