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The following information is available for Oriole Corporation for 2025. Depreciation reported on...

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Accounting

The following information is available for Oriole Corporation for 2025.
Depreciation reported on the tax return exceeded depreciation reported on the income statement by $114,000. This difference will reverse in equal amounts of $28,500 over the years 2026-2029.
Interest received on municipal bonds was $10,200.
Rent collected in advance on January 1,2025, totaled $61,800 for a 3-year period. Of this amount, $41,200 was reported as unearned at December 31,2025, for book purposes.
The tax rates are 20% for 2025 and 17% for 2026 and subsequent years.
Income taxes of $154,000 are due per the tax return for 2025.
No deferred taxes existed at the beginning of 2025.
(a)
(b).
(c) automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Date Account Titles and Explanation
Debit
Credit
2025
image

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