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    MarshaNMadisyn's Avatar
    MarshaNMadisyn Posts: 1, Reputation: 1
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    #1

    Nov 16, 2008, 07:38 PM
    How to journalize.
    How do I journalize...

    Paid the first installment of the estimated income tax for the current fiscal year ending December 31, 90000. No entry had been made to record the liability
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Dec 12, 2008, 08:19 PM

    Debit Income tax Expense
    Credit Income tax payable
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