The DeVille Company reported pretax accounting income on its income statement as follows:

2018	$	415,000
2019		335,000
2020		405,000
2021		445,000

Included in the income of 2018 was an installment sale of property in the amount of $56,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $22,400 in 2019, $28,000 in 2020, and $5,600 in 2021. Included in the 2020 income was $23,000 interest from investments in municipal bonds. The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond. Required: Prepare the year-end journal entries to record income taxes for the years 20182021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The DeVille Company reported pretax accounting income on its income statement as follows 2018 2019 2020 2021 $415,00e 335,000 405,000 445,000 5 points Included in the income of 2018 was an installment sale of property in the amount of $56,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $22,400 in 2019, $28,000 in 2020 and $5,600 in 2021 eBook Included in the 2020 income was $23,000 interest from investments in municipal bonds Print The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond. Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record 2018 income taxes Note: Enter debits before credits. Date General Journal Debit Credit 124,500 Dec 31, 2018 ncome tax expense 16,800 107,700 Deferred tax liability Income tax payable The DeVille Company reported pretax accounting income on its income statement as follows: 2018 2019 2020 2021 $415,000 335,000 405,000 445,000 polnts Included in the income of 2018 was an installment sale of property in the amount of $56,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $22,400 in 2019, $28,000 in 2020 and $5,600 in 2021. eBook Included in the 2020 income was $23,000 interest from investments in municipal bonds. Print The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record 2019 income taxes Note: Enter debits before credits. Debit Date General Journal Credit Dec 31, 2019 e tax expense ed tax liability Income tax payable 107,220 The DeVille Company reported pretax accounting income on its income statement as follows: 2018 2019 2020 2021 $415,000 335,800 405,000 445,000 5 points Included in the income of 2018 was an installment sale of property in the amount of $56,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $22,400 in 2019, $28,000 in 2020, and $5,600 in 2021 eBook Included in the 2020 income was $23,000 interest from investments in municipal bonds. Print The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond. Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 4 Record 2020 income taxes Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2020 The DeVille Company reported pretax accounting income on its income statement as follows $415,888 335,000 405,80e 445,80e 2018 2019 2028 2021 5 polnts Included in the income of 2018 was an installment sale of property in the amount of $56,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $22,400 in 2019, $28,000 in 2020, and $5,600 in 2021. eBook Included in the 2020 income was $23,000 interest from investments in municipal bonds. The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond. Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record 2021 income taxes Note: Enter debits before credits Date Debit Credit Dec 31, 2021