Prepare journal entries for payment of the property taxes, Taxation

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Prepare journal entries for payment of the property taxes

Property Taxes

Response to the following problem:

The company paid $10,800 in advance for one year of property taxes on September 24. The property taxes are for the one-year period beginning October 1.

Make the journal entries necessary to record

(1) the payment of the property taxes and

(2) the year-end adjusting entry on December 31.

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Taxation: Prepare journal entries for payment of the property taxes

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Taxation: Prepare journal entries for payment of the property taxes

Reference No:- TGS02115757

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