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Sellers Jake and Marie have real estate taxes of $3,275 that have not been paid for the current calendar year. They have sold the property
Sellers Jake and Marie have real estate taxes of $3,275 that have not been paid for the current calendar year. They have sold the property and the closing is set for July 28. Sellers are responsible for the day of closing. Using the 360-day year which statement is true?
Credit the seller $1,382.68; debit the buyer $1,382.68.
Credit the buyer $1,892.22; debit the seller $1,892.22.
Credit the buyer $1,875.21; debit the seller $1,875.21.
Credit the buyer $3,275; debit the seller $3,275.
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