Azure Company paid $10,800 in advance for one year of property taxes on September 24. The property
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Azure 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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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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