Question: Cingh Corp has a December 31 year end. It received its property tax notice for $12,000 for the calendar year on April 30. The invoice
Cingh Corp has a December 31 year end. It received its property tax notice for $12,000 for the calendar year on April 30. The invoice is payable on July 15 Prepare the journal entries to record the property tax on April 30 July 15 December 31 Assuming the company adjusts its accounts annually. No explanations are needed for the journal entries
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