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Take me to the text At year end on May 31, 2020, Clutch Home Decor Inc. has accounting income (before income tax expense calculation) of
Take me to the text At year end on May 31, 2020, Clutch Home Decor Inc. has accounting income (before income tax expense calculation) of $206,000. Write the journal entry to record the income tax expense in 2020, which will be paid in 2021. Assume the tax rate is 30% and that the income tax amount calculated under ASPE is the same as the amount calculated under tax laws. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation May 31 To record the income tax expense for the year Debit Credit
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