FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Two accounting entries are required for income tax, one to provide for the tax and one to pay the tax. On 28 February 2014, S

Two accounting entries are required for income tax, one to provide for the tax and one to pay the tax. On 28 February 2014, S Ltd pays the tax authorities the $146 000 provided as a liability on 30 June 2013. Which is the correct entry to record this payment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

General Accounting Financial Accounting

General Accounting Financial Accounting

Authors: Bbc Kikumbi Mwepu

1st Edition

6206329488, 978-6206329480

More Books

Students also viewed these Accounting questions

Question

★★★★★
Juniper Bush Farm has a December 31 fiscal year end. The company has six notes payable outstanding on December 31, 2017, as follows: 1. A nine-month, 5%, $25,000 note payable issued on July 1, 2017....

Answered: 1 week ago

Question

★★★★★
=+13.64 The article Photocharge Effects in Dye Sensitized Ag[Br,I] Emulsions at Millisecond Range Exposures (Photographic Science and Engineering [1981]: 138144) gave the accompanying data on x 5 %...

Answered: 1 week ago

Question

★★★★★
Badeaux Brothers Louisiana Treats ships packages of Louisiana coffee, cakes, and Cajun spices to customers around the United States. The cost to ship these products depends primarily on the weight of...

Answered: 1 week ago

Question

★★★★★
The adjusted trial balance of Big Papi Music Company at June 30, 2012, follows: Requirements 1. Journalize Big Papis closing entries. 2. Prepare Big Papis single-step income statement for the year....

Answered: 1 week ago

Question

★★★★★
Two accounting entries are required for income tax, one to provide for the tax and one to pay the tax. On 28 February 2014, S Ltd pays the tax authorities the $146 000 provided as a liability on 30...

Answered: 1 week ago

Question

★★★★★
Depreciation under Diminishing Balance Method is calculated on ? A . Scrap Value B . Book Value C . Cash Account D . Repair I will downvote for sure if u answer

Answered: 1 week ago

Question

★★★★★
According to the activity network below. Which one is a critical activity? START END Activ

Answered: 1 week ago

Question

★★★★★
(1 point) Find the derivative of f(x) = 6x+2x using the definition of the derivative. State the domain of f and the domain of f'. Derivative is Domain of f is Domain of f' is (Enter the domains using...

Answered: 1 week ago

Question

★★★★★
1. Two insulated tanks are connected through an insulated pipe and valve assembly. One tank holds 2 moles of nitrogen at 3 bar and 25C. The other tank has a 3 moles of hydrogen at 0.5 bar, 70C. The...

Answered: 1 week ago

Question

★★★★★
How travel providers such as airlines, hotels, and car rental agencies can use special pricing to fill unused capacity, and earn revenue at the same time?

Answered: 1 week ago

Question

★★★★★
The part shown is loaded at point C with 290 N in the positive x direction and at point E with 190 N in the positive y direction. The diameter of the bar ABD is 10 mm. Evaluate the likelihood of...

Answered: 1 week ago

Question

★★★★★
7. Do you use occasional gestures to emphasize a point youre making in your speech? Do they feel natural?

Answered: 1 week ago

Question

★★★★★
B You may have been reading this scenario under the assumption that you do not have any physical challenges. Now imagine that you have speech challenges or that you suffer from a chronic illness....

Answered: 1 week ago

Question

★★★★★
Think back on a variety of different public presentations youve witnessedspeeches by fellow students, presentations by instructors, political debates, and so on. What is the most effective use of a...

Answered: 1 week ago

Previous Question Next Question