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Question 3 (20 marks, suggested time 12 - 15 minutes) Science Corporation has a March 31st year end. It received its property tax notice for

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Question 3 (20 marks, suggested time 12 - 15 minutes) Science Corporation has a March 31st year end. It received its property tax notice for $48,000 for the calendar year. The invoice is payable July 151. (Calendar year is January 1 - December 31). Prepare the journal entries to record the property tax on the following dates: Assume the company adjusts its accounts annually. 1) March 31 2) July 15 3) December 31

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