In June 2011, Distancia Company received a bill from the county government for property taxes on its
Question:
1. Prepare the journal entries to record payment of the property taxes on August 1, 2011.
2. Prepare the adjusting entry for property taxes on December 31, 2011.
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1 Aug 1 Prepaid Property Tax 24750 Cash 24750 Paid proper...View the full answer
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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