record the entry for the 5 transactions

For each of the five independent situations below, prepare a single journal entry that summarizes the recording and payment of income taxes and determine the amount of cash paid for income taxes. All dollars are in millions. Complete this question by entering your answers in the tabs below. Cash Paid for Taxes General Journal Prepare a single journal entires that summarizes the recording and payment of income taxes. (If no entry is req transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rou (1.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet Record the summary entry for transaction 1. Note: Enter debits before credits Event General Journal Debit Credit 1 18.5 Income tax expense Cash 18.5 Cash Paid for Taxes General Journal Calculate the amount of cash paid for income taxes for each situation. (Enter your answers in millions rounde place ().e., 5,500,000 should be entered as 5.5).) Situation Income Tax Expense 11.0 Income Tax Payable Increase (Decrease) 0 Cash Paid for Taxes Deferred Tax Liability Increase (Decrease) 0 11.0 1 11.0 2 3.1 0 7.9 3 11.0 0 13.1 (2.1) 2.1 11.0 3.1 5.8 11.0 (3.1) (2.1) 16.2 General Journal >