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Eldora, Inc

Question 72

Multiple Choice

Eldora, Inc. paid property taxes of $16,500 on June 30, 2012, for the period July 1, 2012, to June 30, 2013, and debited prepaid property tax expense. Eldora, Inc. uses a fiscal year end of September 30 for financial purposes. What journal entry should be made to recognize property tax expense for the period October 1, 2012, to June 30, 2013?


A)
Eldora, Inc. paid property taxes of $16,500 on June 30, 2012, for the period July 1, 2012, to June 30, 2013, and debited prepaid property tax expense. Eldora, Inc. uses a fiscal year end of September 30 for financial purposes. What journal entry should be made to recognize property tax expense for the period October 1, 2012, to June 30, 2013? A) B) C) D)
B)
Eldora, Inc. paid property taxes of $16,500 on June 30, 2012, for the period July 1, 2012, to June 30, 2013, and debited prepaid property tax expense. Eldora, Inc. uses a fiscal year end of September 30 for financial purposes. What journal entry should be made to recognize property tax expense for the period October 1, 2012, to June 30, 2013? A) B) C) D)
C)
Eldora, Inc. paid property taxes of $16,500 on June 30, 2012, for the period July 1, 2012, to June 30, 2013, and debited prepaid property tax expense. Eldora, Inc. uses a fiscal year end of September 30 for financial purposes. What journal entry should be made to recognize property tax expense for the period October 1, 2012, to June 30, 2013? A) B) C) D)
D)
Eldora, Inc. paid property taxes of $16,500 on June 30, 2012, for the period July 1, 2012, to June 30, 2013, and debited prepaid property tax expense. Eldora, Inc. uses a fiscal year end of September 30 for financial purposes. What journal entry should be made to recognize property tax expense for the period October 1, 2012, to June 30, 2013? A) B) C) D)

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