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Ralph Inc. provided you with the following information: Year 2013 Accounting Income $1,850,000 Tax Rate 42% Warranty Expense $93,000 Warranty paid $0 Year 2014 Accounting

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Ralph Inc. provided you with the following information: Year 2013 Accounting Income $1,850,000 Tax Rate 42% Warranty Expense $93,000 Warranty paid $0 Year 2014 Accounting Income $914,000 Tax Rate 47% (not enacted until 2014) Warranty Expense $0 Warranty Paid $0 Journal entry worksheet 2. Record Income tax for 2013 Note: Enter debits before credits B D A S No/Date Account Title Dobit Credit 1 2 3 4 Journal entry worksheet 1 2 Record Income tax for 2014 Note: Enter debits before credits A D B Account Title C Debit Credit S. No/Date 2 1 2. 4

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