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Sera Corporation has made and recorded its quarterly income tax payments. After a final review of taxes for the year, the company identifies an additional

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Sera Corporation has made and recorded its quarterly income tax payments. After a final review of taxes for the year, the company identifies an additional $32,000 of income tax expense that should be recorded. A portion of this additional expense, $4.800, is deferred for payment in future years Prepare a journal entry to record Sera's year-end adjusting entry for income tax expense

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