Ce costical year begin om Att beginning of its focal year Cee stes that i 1700 in property toes for the year on June 1. As property taxes, red af 517.000, which itp athy Required: 1 Proare the related out for Art Mayat 2. Then compute me monthly property tax expectat Coe co would record dung Jy mrough Man Chart of Account CHART OF ACCOUNTS Cee & Co. General Ledger ASSETS 11. Car REVENUE Ravenue ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 141 Inventory EXPENSES 152 Prepaid Insurance 500 Cost of Goods Sold 153 Prepaid Property Taxes 511 Insurance Expense 181 Equipment 512 Utilities Expense 521 Salaries Expense 189 Accumulated Depreciation 532 Bad Debt Expense LIABILITIES 211 Accounts Payable 231 Salaries Payable 533 Property Tax Expense 540 Interest Expense 541 Depreciation Expense 559 Miscellaneous Expenses 250 Unearned Revenue 910 Income Tax Expense 253 Property Taxes Payable 261 Income Taxes Payable EQUITY 311 Common Stock 331 Retained Earnings