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nect.mheducation.com/flow.connect.html Problems You received partial credit in the previous attempt. Alsud 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: Pretax Accounting $704,000 794.000 754,000 $664.999 822.000 $ 230.000 304.000 272.000 244.000 202) 764,000 There are no differences between accounting Income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25% (Hint: You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020- 2023.) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2021 income taxes, 2022 income taxes and
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  • Fall '19
  • Double-entry bookkeeping system, Alsup, Event General Journal, $ 230.000 304.000 272.000 244.000 202

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