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Windsor Inc. incurred a net operating loss of $ 5 1 5 , 0 0 0 in 2 0 2 5 . The tax rate

Windsor Inc. incurred a net operating loss of $515,000 in 2025. The tax rate for all years is 20%. Prepare the journal entries to record the benefits of the loss carryforward. Windsor expects to return to profitability in 2026.(List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
eTextbook and Media
List of Accounts
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