The journal entry to recognize Baginski’s 2025 tax expense includes a Debit to Income tax expense and Credit to Income tax payable.
<h3>What is a tax expense or benefit?</h3>
The tax expense refers to the total amount of taxes owed by an individual, corporation or other entity to a taxing authority while the tax benefit refers to the refers to any tax law that helps one reduce tax liability.
In accounting, the companies record an income tax expense as a debit and income tax payable as a credit in journal entries.
<h3>Journal entry to recognize Baginski’s 2025 tax expense or tax benefit.</h3>
Date General Journal Debit Credit
Income tax expense $62,500
($250,000 * 25%)
Income tax payable $62,500
(To record the tax expense for 2025)
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<u><em>Artworks, the Nature Around Us Must be pretty.</em></u>
The Russian proverbial definition <span>of a hero</span><span> applies to Po because he is a random panda that gets picked to be the "Kung Fu King Warrior".
So it's just easy to find this kind of average guy who's working in his dad's restaurant and suddenly gets an ambition to become great personality .
</span>Also, when he had nothing left, he had to find the skills and strength to go on.
