Write journal entries for the following;
Real estate taxes cover the period January 1, 2015 through December 31, 2015. As of March 31, 2015, the invoice still had not been received.
The property budgeted $240,000 in real estate taxes for the entire year of 2015. Assume: January and February were previously accrued for based on budget. What would your entry be as of March 31st?
What would be the ending balance in the balance sheet account(s) as of 3/31/2015.