From Charlottetown City Treasurer, $4 800 for annual property tax assessment, payable in three equal instalments of $1 600. First instalment is due on receipt of invoice. Remaining two instalments are due May 6 and August 6. Issue cheques #419, 420 and 421 dated February 6, May 6 and August 6 in payment of account. Create new Group account 5380 Property Taxes. Store as a quarterly recurring entry and recall the entry for the two postdated payments.