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JRX company has a December 31 fiscal year end. It received a $4,600 property tax bill from the municipality on March 31. The bill is payable on June 30. Assuming entries have been done correctly in March and June, what is the amount of property tax that should be debited to Property Tax Expense on December 31? Enter you answer as a whole number without dollar signs or commas

JRX company has a December 31 fiscal year end. It received a $4,600 property tax bill from the municipality on March 31. The bill is payable on June 30. Assuming entries have been done correctly in March and June, what is the amount of property tax that should be debited to Property Tax Expense on December 31? Enter you answer as a whole number without dollar signs or commas

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Listen JRX company has a December 31 fiscal year end. It received a $4,600 property tax bill from the municipality on March 31. The bill is payable on June 30. Assuming entries have been done correctly in March and June, what is the amount of property tax that should be debited to Property Tax Expense on December 31? Enter you answer as a whole number without dollar signs or commas Your Answer: 2300 Answer
Transcribed Image Text:Listen JRX company has a December 31 fiscal year end. It received a $4,600 property tax bill from the municipality on March 31. The bill is payable on June 30. Assuming entries have been done correctly in March and June, what is the amount of property tax that should be debited to Property Tax Expense on December 31? Enter you answer as a whole number without dollar signs or commas Your Answer: 2300 Answer
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