i*********s
发帖数: 164 | 1 On July 1, 1993, Ran County issued realty tax assessments for its fiscal
year ended June 30, 1994. On September 1, 1993, Day Co. purchased a
warehouse in Ran County. The purchase price was reduced by a credit for
accrued realty taxes. Day did not record the entire year's real estate tax
obligation, but instead records tax expenses at the end of each month by
adjusting prepaid real estate taxes or real estate taxes payable, as
appropriate. On November 1, 1993, Day paid the first of two equal
installments of $12,000 for realty taxes. What amount of this payment should
Day record as a debit to real estate taxes payable? | d*****y
发帖数: 178 | 2 My answer 8，000 = （12,000*2/12)*4 months (july - oct)
tax
should
【在 i*********s 的大作中提到】
: On July 1, 1993, Ran County issued realty tax assessments for its fiscal
: year ended June 30, 1994. On September 1, 1993, Day Co. purchased a
: warehouse in Ran County. The purchase price was reduced by a credit for
: accrued realty taxes. Day did not record the entire year's real estate tax
: obligation, but instead records tax expenses at the end of each month by
: adjusting prepaid real estate taxes or real estate taxes payable, as
: appropriate. On November 1, 1993, Day paid the first of two equal
: installments of $12,000 for realty taxes. What amount of this payment should
: Day record as a debit to real estate taxes payable?
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