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The Vineyard reported pretax income on its income statement as follows: 2 0 2 4 : $ 3 9 0 , 0 0 0 2
The Vineyard reported pretax income on its income statement as follows: : $ : $ : $ : $ Included in the income of was an installment sale of property in the amount of $ However, for tax purposes, Vineyard reported the income in the year cash was collected. Cash collected on the installment sale was $ in $ in and $ in Included in the income was $ interest from investment in municipal governmental bonds. The enacted tax rate for and was but during new tax legislation was passed reducing the tax rate to for the years and beyond. When account titles are not available in the dropdown menu, please type in the cells without any dropdown menu. Please prepare the following journal entries: Use dropdown menus for account titles. at the end of at the end of At the end of At the end of Dr$ Dr$ Cr$ Dr$ Cr$ Cr$ drop down menys for account titles: income tax expense, deferred income tax asset current deferred income tax asset noncurrent deferred income tax liabilities current deferred income tax liabilities noncurrent and income tax payable
The Vineyard reported pretax income on its income statement as follows:
: $
: $
: $
: $
Included in the income of was an installment sale of property
in the amount of $ However, for tax purposes, Vineyard reported the income in the year cash was collected.
Cash collected on the installment sale was $ in
$ in and $ in
Included in the income was $ interest from investment in municipal governmental bonds.
The enacted tax rate for and was but during new tax legislation was passed reducing the tax rate
to for the years and beyond.
When account titles are not available in the dropdown menu, please type in the cells without any dropdown
menu.
Please prepare the following journal entries:
Use dropdown menus for account titles.
at the end of
at the end of
At the end of
At the end of
Dr$
Dr$
Cr$
Dr$
Cr$
Cr$
drop down menys for account titles: income tax expense, deferred income tax asset current deferred income tax asset noncurrent deferred income tax liabilities current deferred income tax liabilities noncurrent and income tax payable
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