RIA FEDERAL TAX HANDBOOK, 2010 Edition

The adjusting journal entry for corporate federal income tax expense for 2017. included a: A. debit to Cash in Bank. B. credit to Federal Corporate Income Tax Payable. ... Net cash used must be indicated by brackets on your answer sheet. The Cash balance on 1-1-17 was $42,685. Cash receipts during the year 2017 from: issuance of stock. 20,500. ................
................