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Estimate the total tax for 2012

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Reference no: EM13498140

Filed the federal income tax return for 2012. The total tax for the year was $125,250. During 2012, quarterly deposits of estimated tax totaling &120,000 had been made. The additional tax of $5.250 was paid with the return. On December 31, 2012, the accountant had estimated the total tax for 2012 to be $123,600 and had recorded a liability of $3,600 for federal income tax payable. How do I put this in a general journal?

Reference no: EM13498140

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