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Enron Mail |
Tracy,
After our September close Company 553 (Enron Power and Marketing, Inc) Current SIT Liability Account (30051000) was off by $1,465,400. In April, $1,500,200 PA Tax was booked to the Franchise Tax Account (59002000). Out of the $1,500,200, only $34,600 was attributed to Franchise Tax and the remaining $1,465,400 was attrebuted to the Pennsylvania Income tax. We need to Debit the Current SIT Liability Account (30051000) for $1,465,400 and Credit the Franchise Tax Expense Account (5002000) for $1,465,200. If you have any questions call me at extension X-54771. Thanks, Facundo Caminos
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