Aluminum Ltd

Aluminum Ltd.has made a total of $23,250 in instalments for corporate income tax for calendar 2014, all of which have been debited to Current Income Tax Expense.At year end, Dec 31, 2014, the accountant has calculated that the corporation's actual tax liability is only $21,500.What is the correct adjusting entry to reflect this fact?

A) Dr Current Income Tax Expense $1,750, Cr Income Taxes Payable $1,750
B) Dr Income Taxes Payable, $1,750, Cr Current Income Tax Expense $1,750
C) Dr Income Taxes Receivable $1,750, Cr Current Income Tax Expense $1,750
D) Dr Current Income Tax Expense $21,500, Cr Income Taxes Payable $21,500