Accounting journal entries for estimated income tax payable, actual tax and penalty on underestimate tax?

Company ABC has paid 12-month tax instalment (estimated tax payable) totalling $180000. However the actual tax payable is $340000. Gov Tax Dept required a 10% penalty to impose on the excess of 30% difference between estimated and actual tax payable. Therefore the calculation of the penalty for underestimation will... show more Company ABC has paid 12-month tax instalment (estimated tax payable) totalling $180000. However the actual tax payable is $340000. Gov Tax Dept required a 10% penalty to impose on the excess of 30% difference between estimated and actual tax payable. Therefore the calculation of the penalty for underestimation will be as follows:-

Actual tax payable 340000
Less: (180000)
Shortfall 160000
Less: Margin of Error (30% x $340k) (102000)
Excess over $102000 58000
Penalty (10% x $58000) 5800

The Company has tax credit/refund brought forward from previous year amounting to $10000. So the Company should only pay $150000 additional income tax plus penalty on underestimation of $5800.

Now let's proceed to accounting journal entries to record such transactions. I understand that accounting journal entry to record the payment of monthly tax instalment is (pls correct me if I am wrong):

DR. Provision of Income Tax (Current Asset - Prepayment)
CR. Cash

But what is the journal entries to record the actual income tax payable, the tax credit/refund and the penalty ? Pls help!!
Update: I would prefer answers showing DR and CR. Thanks much.
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