On April 1, 2024, Kingbird Industries receives its annual property tax bill in the amount of $8,720 relating to its annual property taxes for the year ending December 31, 2024. The bill is to be paid by June 30, 2024 and the company's year end is December 31, 2024. Prepare all the appropriate journal entries for the year at the following dates. Assume that Kingbird does not make monthly adjusting entries for property taxes. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) a. b. C. April 1, 2024 June 30, 2024 December 31, 2024

On April 1, 2024, Kingbird Industries receives its annual property tax bill in the amount of $8,720 relating to its annual property taxes for the year ending December 31, 2024. The bill is to be paid by June 30, 2024 and the company's year end is December 31, 2024. Prepare all the appropriate journal entries for the year at the following dates. Assume that Kingbird does not make monthly adjusting entries for property taxes. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) a. b. C. April 1, 2024 June 30, 2024 December 31, 2024

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 21CE

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