Question: Please explain each step, thank you Marc's Manufacturing Ltd . expects to incur $ 9 , 0 0 0 of property taxes in 2 0
Please explain each step, thank you
Marc's Manufacturing Ltd expects to incur $ of property taxes in The local municipality renders two property tax bills to Marc's of $ each on April and September Marc's pays the property tax bills as received.
Required:
Prepare the journal entry to record the property tax expense January to March
Prepare the journal entry to record the payment of property tax on April
Prepare the journal entry to record the property tax expense from April to
August
Prepare the journal entry to record the payment of property tax on September
Prepare the journal entry to record the property tax expense from September to December
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