Lewes Company appropriately uses the installment sales method for tax purposes and the accrual method...
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Accounting
Lewes Company appropriately uses the installment sales method for tax purposes and the accrual method for revenue recognition for accounting purposes. Pertinent data at December Year the close of the first year of operations, are as follows:
Revenue Recognized Revenue Recognized
Customer for Accounting Purposes for Tax Purposes
Brigg's Builders $ $
Top Down Plumbing
Sheen Plus Windows
Lewes's tax rate is What amount should be included in the deferred tax account at December Year for these installment sales?
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