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1) Tenant pays $1100 per month for rent along with a $1000 security deposit. Taxes are $2200 per year paid in arrears. Closing takes place
1) Tenant pays $1100 per month for rent along with a $1000 security deposit. Taxes are $2200 per year paid in arrears. Closing takes place on March 24th. What is the entry?
2) Annual taxes are $2400 per year paid in arrears. Taxes are due November 30th. Closing takes place on July 22nd. What is the entry?
3) Annual taxes of $2400 per year are paid in advance on January 1st. closing takes place on September 1st. What is the entry?
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