90) JetNew has a tax rate of 35%. The controller has just calculated JetNew's accounting income (pre-tax) to be $560,000 for 2010. Taking into account the differences in calculation, JetNew's taxable...

90) JetNew has a tax rate of 35%. The controller has just calculated JetNew's accounting income (pre-tax) to be $560,000 for 2010. Taking into account the differences in calculation, JetNew's taxable income is $440,000. Prepare the journal entry to record JetNew's taxes for 2010.

91) JetNew has a tax rate of 30%. The controller has just calculated JetNew's accounting income (pre-tax) to be $660,000 for 2010. Taking into account the differences in calculation, JetNew's taxable income is $530,000. Prepare the journal entry to record JetNew's taxes for 2010.

Outline for each account used where it would appear on JetNew's financial statements.

92) For 2011 Zip has accounting income (pre-tax) of $880,000. Their taxable income for 2011 has been calculated at $950,000. Prepare the journal entry to record Zip's taxes for 2011 given a tax rate of 38%.