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Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income

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Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct Dr. and Cr. to record payment of your Federal Income Taxes. dr. Choose... . Cr. > Choose. Choose... cr. Income Tax Payable You work fo custom-bu ugust 5th. A new client signed a contract and paid $25,000 dr. Income Tax Expense Choose the cr. Cash the customer's payment. dr. Cash dr. cr. Income Tax Expense Cr dr. Income Tax Payable . You work for a pool company. Today is August 5th. A new client signed a contract and paid $25,000 to have a custom-built pool put in her back yard. Choose the correct Dr. and Cr. to record the customer's payment dr. Choose... CL. e Choose... Choose... cr. Unearned Revenue - Custom Pools You still wd dr. Unearned Revenue - Custom Pools custom-bu Select the cr. Revenue - Custom Pools completed dr. Accounts Receivable month and 1/2 of the work is complete for that client's djusting journal entry to recognize the portion of work cr. Cash dr. dr. Cash You still work for that pool company. It's the end of the month and 1/2 of the work is complete for that client's custom-built pool. Select the correct Dr. and Cr. to record the month-end adjusting journal entry to recognize the portion of work completed. dr. Choose... - Cr. Choose... Choose... bu purchase more than $5,000 in Merchandise em oth purchase of $11,000 worth of inventory for the cr. Cash It's standar Inventory dr. Sales Revenue - Custom Pools Select the cr. Accounts Receivable upcoming dr. Unearned Revenue - Custom Pools cr. Sales Revenue - Custom Pools dr. cr. Unearned Revenue - Custom Pools It's standard practice to issue a Note Payable anytime you purchase more than $5,000 in Merchandise Inventory. Your company uses Perpetual Inventory system. Select the correct Dr. and Cr. to record the September 30th purchase of $11,000 worth of inventory for the upcoming holiday season. dr. Choose... e Cr Choose... . Choose... to pay your vendor for all that inventory you purchased back on cr. Note Payable The holiday dr. Purchases September Which of th dr. Merchandise Inventory cr. Accounts Payable Select one: cr. Cash cord paying the vendor's invoice

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