Windsor Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. The following information has been taken from the adjusted trial balance: Accounts payable Cash dividends-common Common shares Cost of goods sold Dividends payable Income tax expense Income tax payable $26,010 (a1) 61,200 204,000 316,200 15,300 30,600 3,060 Interest expense Notes payable Retained earnings (Aug. 1, 2023) Salaries expense Sales Supplies expense Unearned revenue $5,100 102,000 359,040 142,800 678,300 10,200 12,240 All accounts have normal balances and total assets equal $833,850. Windsor has a 20% income tax rate.

Windsor Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31,2024. The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $833,850. Windsor has a 20% income tax rate. Windsor Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31,2024. The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $833,850. Windsor has a 20% income tax rate