Alsup consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. alsup recognizes service revenue for financial reporting purposes when the services are performed. for tax purposes, revenue is reported when fees are collected. service revenue, collections, and pretax accounting income for 2017–2020 are as follows: service revenue collections pretax accounting income 2017 $ 574,000 $ 554,000 $ 110,000 2018 670,000 680,000 175,000 2019 635,000 610,000 145,000 2020 620,000 640,000 125,000 there are no differences between accounting income and taxable income other than the temporary difference described above. the enacted tax rate for each year is 40%. (hint: you may find it to prepare a schedule that shows the balances in service revenue receivable at december 31, 2017–2020.) required: 1. prepare the appropriate journal entry to record alsup's 2018 income taxes, alsup’s 2019 income taxes and alsup’s 2020 income taxes. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. enter your answers in thousands (e. g. 150,000 should be entered as

The starr theater, owned by meg vargo, will begin operations in march. the starr will be unique in that it will show only triple features of sequential theme movies. as of march 1, the ledger of starr showed: cash $3,150, land $22,000, buildings (concession stand, projection room, ticket booth, and screen) $10,000, equipment $10,000, accounts payable $7,300, and owner’s capital $37,850. during the month of march, the following events and transactions occurred. mar. 2 rented the three indiana jones movies to be shown for the first 3 weeks of march. the film rental was $3,600; $1,600 was paid in cash and $2,000 will be paid on march 10.3 ordered the lord of the rings movies to be shown the last 10 days of march. it will cost $200 per night.9 received $4,500 cash from admissions.10 paid balance due on indiana jones movies rental and $2,200 on march 1 accounts payable.11 starr theater contracted with adam ladd to operate the concession stand. ladd is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand.12 paid advertising expenses $900.20 received $5,100 cash from customers for admissions.20 received the lord of the rings movies and paid the rental fee of $2,000.31 paid salaries of $2,900.31 received statement from adam ladd showing gross receipts from concessions of $6,000 and the balance due to starr theater of $900 ($6,000 × 15%) for march. ladd paid one-half the balance due and will remit the remainder on april 5.31 received $9,200 cash from customers for admissions.1.) enter the beginning balances in the ledger.2.) journalize the march transactions. starr records admission revenue as service revenue, rental of the concession stand as rent revenue, and film rental expense as rent expense. (credit account titles are automatically indented when the amount is entered. do not indent manually. record journal entries in the order presented in the problem. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)3.) post the march journal entries to the ledger. (post entries in the order of journal entries presented in the previous question.)