Nagle Corporation computed its actual income taxes payable for 20xx to be $46,000.Because of differences in accounting procedures and income tax rules,the income taxes expense to be reported for 20xx is $53,500.Prepare the entry in journal form without explanation to record the income taxes expense and income taxes payable for 20xx.

Question

Nagle Corporation computed its actual income taxes payable for 20xx to be $46,000.Because of differences in accounting procedures and income tax rules,the income taxes expense to be reported for 20xx is $53,500.Prepare the entry in journal form without explanation to record the income taxes expense and income taxes payable for 20xx.
Nagle Corporation computed its actual income taxes payable for 20xx to be $46,000.Because of differences in accounting procedures and income tax rules,the income taxes expense to be reported for 20xx is $53,500.Prepare the entry in journal form without explanation to record the income taxes expense and income taxes payable for 20xx.

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The Answer of Nagle Corporation computed its actual income taxes payable for 20xx to be $46,000.Because of differences in accounting procedures and income tax rules,the income taxes expense to be reported for 20xx is $53,500.Prepare the entry in journal form without explanation to record the income taxes expense and income taxes payable for 20xx.

Nagle Corporation Computed Its Actual Income Taxes Payable for 20xx