Glennelle's Boutique Incorporated operates in a city in which real estate tax bills for one year are issued in May of the subsequent year. Thus, tax bills for 2022 are issued in May 2023 and are payable in July 2023. Exercise 7-10 (Static) Part b - Journal entry b-2. Record the journal entry to show the effect of accruing 2023 taxes of $44,800 at December 31, 2023. Note: If no entry is required for a transaction/event, select "No journal entry required " in the first account field.

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