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    bola85's Avatar
    bola85 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 2, 2010, 04:43 PM
    Accounting
    I need the journal entry to recorded fedral tax allocable to net income?
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Dec 2, 2010, 06:04 PM

    Dr Tax Expense, cr Taxes Payable

    Please ask if you don't understand why.
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