journalize the entries to record the following selected transactions of lone star le 644282

Apr. 15.

Paid the first installment of the estimated income tax for the current fiscal year

ending December 31, $90,000. No entry had been made to record the liability.

June 15.

Paid the second installment of $90,000.

Sept. 15.

Paid the third installment of $90,000.

Dec. 31.

Recorded the estimated income tax liability for the year just ended and the

deferred income tax liability, based on the transactions above and the following

data:

Income tax rate

40%

Income before income tax

$950,000

Taxable income according to tax return

$800,000

Jan. 15.

Paid the fourth installment of $50,000.