39. Killarney Exhibits Inc. received its annual proberty tax will for $24,000 on February. It was paid when due on March 31. Killarney Exhibits year end is Dec 31. The journal required to record these transactions are Feb-01 No record required Mar-31 Prepaid property tax 24000 Cash 24000 Dec-31 Property tax expense 24000 Prepaid property tax 24000 Feb-01 Property tax expense Property tax payable Mar-31 Property tax payable Property tax expense Prepaid property tax 1000 S000 15000 Cash 24000 Dec-31 Property tax expense 15000 Prepaid property tax 15000 Cr Feb-01 Property tax expense 24000 Property tax payable 24000 Mar-31 Property tax payable 24000 Cash 24000 Dec-31 No record required (d) Feb-01 Property tax expense Property tax payable 2000 Mar-31 Property tax payable Property tax expense Prepaid property tax 18000 Cash 24000 18000 Dec-31 Property tax expense Prepaid property tax 18000