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August 20, 2014

Homework Help: Accounting

Posted by Luc on Wednesday, May 14, 2008 at 2:59pm.

pierce co has a june 30 fiscal year end. it estimated its annual property taxes to be 24000 based on last year's property tax bill and have accrued 2000 of property tax each month to marcher 31. its actual property tax assessment, received on april 30 is 25200 for the calendar year. the property tax bill is payable on july 15. how much property tax expense will pierce report on its june 30 income statement? how much property tax patyable and or prepaid property tax will pierce report at june 30 on its balance sheet?
show work or provide journal entries thanks!

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