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The buyer and seller are scheduled to close the sales transaction on Wednesday, June 14. The taxes for the year were $3,500 and were paid

The buyer and seller are scheduled to close the sales transaction on Wednesday, June 14. The taxes for the year were $3,500 and were paid in arrears. How would this appear on a closing statement?

A credit to the seller and a debit to the buyer.

A credit and debit to the buyer.

A credit to the buyer and a debit to the seller.

A credit and debit to the seller.

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