Journal Entries for 2018 | |||
Income Tax | Debit | 100 | |
Income Tax Payable | Credit | 100 | |
Being Income tax payable for 2018 | |||
Journal Entries for 2019 | |||
Income Tax | Debit | 88 | |
Income Tax Payable | Credit | 88 | |
Being Income tax payable for 2019 | |||
Journal Entries for 2020 | |||
Income Tax | Debit | 80 | |
Income Tax Payable | Credit | 80 | |
Being Income tax payable for 2020 |
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement,...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2017–2020 are as follows: SERVICE REVENUE COLLECTIONS PRETAX ACCOUNTING INCOME 2017 $616,000 $581,000 $140,000 2018 700,000 710,000 205,000 2019 665,000 645,000 175,000 2020 650,000 675,000 155,000...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2017–2020 are as follows: Service Revenue Collections Pretax Accounting Income 2017 $ 574,000 $ 554,000 $ 110,000 2018 670,000 680,000 175,000 2019 635,000 610,000 145,000 2020...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020–2023 are as follows: Service Revenue Collections Pretax Accounting Income 2020 $ 736,000 $ 696,000 $ 262,000 2021 826,000 854,000 336,000 2022 786,000 778,000 304,000 2023...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue $736,000 826,000 786,000 792,000 Collections $696,000 854.000 778,000 796,000 Pretax Accounting Income $262,000 336,000 304,000 276,000...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue $724,000 814,000 774,000 780,000 Collections $684,000 842,000 766,000 784,000 Pretax Accounting Income $250,000 324,000 292,000 264,000...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2015–2018 are as follows: Service Revenue Collections Pretax Accounting Income 2015 $ 602,000 $ 572,000 $ 130,000 2016 690,000 700,000 195,000 2017 655,000 625,000 165,000...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020-2023 are as follows: Service Revenue $720,000 810,000 770.000 776,000 Collections S680.000 838,000 762.000 780,000 Pretax counting Income $246.000 320.000 288,000 260.000 2022 2023 There are...
please show work Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2017-2020 are as follows: 2022 Service Revenue S6 ,00 288. 705,000 730,000 Collections $653,000 795,00 215.00 750.00 Dretax Accounting Income $220,000 285,00 255.0...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting Income for 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue $ 720, eee 810, eee 770,000 776,000 Collections $ 680, eee 838,00 762,00 780, Pretax Accounting...
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2015–2018 are as follows: Service Revenue Collections Pretax Accounting Income 2015 $ 602,000 $ 572,000 $ 130,000 2016 690,000 700,000 195,000 2017 655,000 625,000 165,000...