What is the correct journal entry to adjust for the income tax expense?
a. Petained Earnings
$\quad $$\quad $$\quad $Income tax payable

b. Income tax expense
$\quad $$\quad $Retained Earnings

c. Operating expense
$\quad $$\quad $Income tax payable

d. Income tax expense
$\quad $$\quad $Income tax payable

Question

What is the correct journal entry to adjust for the income tax expense? 
a. Petained Earnings
$\quad $$\quad $$\quad $Income tax payable

b. Income tax expense
$\quad $$\quad $Retained Earnings

c. Operating expense
$\quad $$\quad $Income tax payable

d. Income tax expense
$\quad $$\quad $Income tax payable

Quizplus · Accepted Answer

The Answer of What is the correct journal entry to adjust for the income tax expense? 
a. Petained Earnings
$\quad $$\quad $$\quad $Income tax payable

b. Income tax expense
$\quad $$\quad $Retained Earnings

c. Operating expense
$\quad $$\quad $Income tax payable

d. Income tax expense
$\quad $$\quad $Income tax payable

What Is the Correct Journal Entry to Adjust for the Income