Accounting and taxation journal entry.

39. On December 30, 2018, ABC Realty LLC paid the real estate taxes in the amount of $90,000 for the first half of the year 2019 . At the same time the company paid the Insurance invoice for the entire 2019 in the amount of $120,000. (Based on the above information, please answer items a, b & c below) a. Journalize the entries on December 30, 2018 to record 1. Payment of real estate taxes 2. Payment of insurance b. Journalize the entries on March 31 2019 to record the expense portion for March for: 1. Real estate tax . .. ... 2. Insurance. ............ c. On March 31 , 2019, the prepaid balance of real estate and insurance expense respectively are: Real estate ..... Insurance