Gothic Architects Inc B) Please See the Following Information C) Please See the Following Information

Multiple Choice

Gothic Architects Inc. received its annual property tax bill for $7,800 in January. It is due on February 28th. What is the journal entry that should be made in January?

A) Please see the following information: $$\begin{array} { | l | r | r | } \hline \text { Property Tax Expense } & 650 & \\\hline \text { Prepaid Property Tax } & 7,150 & \\\hline \text { Property Tax Payable } & & 7,800 \\\hline\end{array}$$
B) Please see the following information: $$\begin{array} { | c | r | r | } \hline \text { Property Tax Expense } & 7,800 & \\\hline \text { Property Tax Payable } & & 7,800 \\\hline\end{array}$$
C) Please see the following information: $$\begin{array} { | l | r | r | } \hline \text { Prepaid Property Tax } & 7,800 & \\\hline \text { Property Tax Payable } & & 7,800 \\\hline\end{array}$$
D) Please see the following information: $$\begin{array} { | l | r | r | } \hline \text { Property Tax Expense } & 650 & \\\hline \text { Property Tax Payable } & & 650 \\\hline\end{array}$$