From Charlottetown City Treasurer, $4 800 for annual property tax assessment, payable in three equal instalments...

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From Charlottetown City Treasurer, $4 800 for annual property tax assessment, payable in three equal instalments of $1 600. First instalment is due on receipt of invoice. Remaining two instalments are due May 6 and August 6. Issue cheques #419, 420 and 421 dated February 6, May 6 and August 6 in payment of account. Create new Group account 5380 Property Taxes. Store as a quarterly recurring entry and recall the entry for the two postdated payments. From Charlottetown City Treasurer, $4 800 for annual property tax assessment, payable in three equal instalments of $1 600. First instalment is due on receipt of invoice. Remaining two instalments are due May 6 and August 6. Issue cheques #419, 420 and 421 dated February 6, May 6 and August 6 in payment of account. Create new Group account 5380 Property Taxes. Store as a quarterly recurring entry and recall the entry for the two postdated payments.

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To create a new Group account for Property Taxes and set up the recurring entries for the ... View the full answer