(Answered) Sera corporation has made and recorded its quarterly income

Accounting

Sera Corporation has made and recorded its quarterly income tax payments. After a final review of taxes for the year, the company identifies an additional $ 40,000 of income tax expense that should be recorded. A portion of this additional expense, $ 6,000, is deferred for payment in future years. Record Sera's year end adjusting entry for income tax expense.

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