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Prepare required journal entries related to property taxes

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Reference no: EM132728010

Walters Accounting Company receives its annual property tax bill for the calendar year on May 1, 2019. The bill is for $ 30,000 and Walters paid the bill in full on June 30, 2019. Walker's year end is December 31 and it makes adjusting entries annually.

Instructions:

Problem 1: Prepare all the required journal entries for 2019 related to the property taxes.

Reference no: EM132728010

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