I need to make adjusting entries for the following- $1,500 in meal and entertainment expenses show as a permanent difference for tax.I need to make adjusting entries for the following-
 $1,500 in meal and entertainment expenses show as a permanent difference for tax.
 The company uses straight line depreciation for book and MACRS depreciation for the tax return
 MACRS depreciation was $209,301 higher than book. adjusting entry is needed here for the deferred tax.