The following information was available on 30 June 2021:

• 30 June 2021 total taxable temporary differences $67,000 and total deductible temporary differences $82,000
• 1 July 2020 deferred tax asset $17,200
• 1 July 2020 deferred tax liability $31,600
• Income tax rate 30%

The journal entry to adjust the deferred tax accounts for 30 June 2021 is:

Select one:

a.

DR Income Tax Expense (deferred) $4,100, DR Deferred Tax Asset $7,400, CR Deferred Tax Liability $11,500

b.

DR Deferred Tax Asset $7,400, DR Deferred Tax Liability $11,500, CR Income Tax Expense (deferred) $18,900

c.

DR Deferred Tax Asset $64,800, CR Deferred Tax Liability $35,400, CR Income Tax Expense (deferred) $29,400

d.

DR Deferred Tax Liability $7,000, DR Deferred Tax Asset $2,900, CR Income Tax Expense (deferred) $9,900

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