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Pierce Corp. has a December 31 year end. It received its property tax invoice of $27,000 for the calendar year on April 30. The invoice
Pierce Corp. has a December 31 year end. It received its property tax invoice of $27,000 for the calendar year on April 30. The invoice is payable on July 15. Prepare the Jounal entries to record the property tax on (a) April 30, (b) July 15, and (c) December 31, assuming the company adjusts its accounts annually. Credit account titles are auto cally inde ted when the amount is entered. Do not indent manually Round answers to 0 decim al places eg. 5,275 Drief Exercise 10-2 31 year e(Credit Debit Credit Date Account Titles and Explanation uly 15
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