Pierce Corp. has a December 31 year end. It received its property tax assessment of $36,000 for

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Pierce Corp. has a December 31 year end. It received its property tax assessment of $36,000 for the calendar year on April 30. The property tax bill is payable on July 15. Prepare the journal entries to record the property tax on

(a) April 30,

(b) July 15,

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:23 AM

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Pierce Corp. has a December 31 year end. It received its property tax assessment of $36,000 for

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a Apr 30 Property Tax Expense 36000 12 4 12000 Property Tax Payable 120...View the full answer

Financial Accounting Tools for Business Decision Making

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