c-2. Assume that the actual tax bill, received in May 2020, was for $7.540. Record the journal entry to show the effects of the appropriate adjustment to the amount previously accrued. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 No 1 Answer is complete but not entirely correct. Event General Journal Real estate tax expense Real estate taxes payable Debit Credit 440 7,100