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30 (3 points) Saved On the first day of each month, Snelling Mortgage Co. receives from Carson Corp. an escrow deposit of $3,000 for real
30 (3 points) Saved On the first day of each month, Snelling Mortgage Co. receives from Carson Corp. an escrow deposit of $3,000 for real estate taxes. Snelling records the $3,000 in an escrow account. Carson's 20X2 real estate tax is $32,000, payable in equal installments on the first day of each calendar quarter. On December 31, 20X1, the balance in the escrow account was $4,000. On September 30, 20X2, what amount should Snelling show an as escrow liability to Carson? $7,000. $3,000. $10,000. $31,000
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