Kagel Corporation computed its actual income taxes payable for 20xx to be $92,000.Because of differences in accounting procedures and income tax rules,the income taxes expense to be reported for 20xx is $107,000.Prepare the entry in journal form without explanation to record the income taxes expense and income taxes payable for 20xx.

Question

Kagel Corporation computed its actual income taxes payable for 20xx to be $92,000.Because of differences in accounting procedures and income tax rules,the income taxes expense to be reported for 20xx is $107,000.Prepare the entry in journal form without explanation to record the income taxes expense and income taxes payable for 20xx.
Kagel Corporation computed its actual income taxes payable for 20xx to be $92,000.Because of differences in accounting procedures and income tax rules,the income taxes expense to be reported for 20xx is $107,000.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 Kagel Corporation computed its actual income taxes payable for 20xx to be $92,000.Because of differences in accounting procedures and income tax rules,the income taxes expense to be reported for 20xx is $107,000.Prepare the entry in journal form without explanation to record the income taxes expense and income taxes payable for 20xx.

Kagel Corporation Computed Its Actual Income Taxes Payable for 20xx