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  3. for calender year 2020, power inc. had net income

for calender year 2020, power inc. had net income before income taxes in the amount...

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Accounting

for calender year 2020, power inc. had net income before income taxes in the amount of $10,000. Tax rates are 20% Federal, 9% NY State, and 8% NY City . Wowee adjusts its books annually.

A. Prepare the AJE, if any, on 12/31/20.

B. Record the payment of the taxes on 3/15/21

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