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The information that follows pertains to Esther Food Products a. At December 31, 2018, temporary differences were associated with the following future taxable (deductible) amounts:
The information that follows pertains to Esther Food Products a. At December 31, 2018, temporary differences were associated with the following future taxable (deductible) amounts: 10 points Depreciation Prepaid expenses Warranty expenses 52,000 22,000 (19,000) eBook Hint Print References b. No temporary differences existed at the beginning of 2018. c. Pretax accounting income was $74,000 and taxable income was $19,000 for the year ended December 31, 2018. d. The tax rate is 40%. Required: Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2018. Complete this question by entering your answers in the tabs below CalculationJournal Complete the following table given below to record income taxes for 2018. (Negative amounts should be entered with a minus sign.) Required Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2018. Complete this question by entering your answers in the tabs below ints General Journal Calculation Complete the following table given below to record income taxes for 2018. (Negative amounts should be entered with a minus sign.) Hint Print x Tax Rate Tax $ Recorded as eferences $74,000 Pretax accounting income Permanent differences . 74,000 x 0 Income subject to taxation Temporary Differences Income taxable in current year $74,000 x Calculation General Journal Required: Complete the following table given below and prepare the appropriate journal entry to record income taxes for 2018. Complete this question by entering your answers in the tabs below 10 points General Calculation Journal eBook Hint Print References Prepare the appropriate journal entry to record income taxes for 2018, (If no entry is required for a transaction/event, selectNo journal entry required" in the first account field.) View transaction list Import a new list 1 Record 2018 income taxes. Credit
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