Multiple Choice
$60,000 of property tax owed to the city of Akron will not be collected within 60 days after year end. The year-end journal entry to record this information would include a:
A) A debit to Deferred Inflows - Property Taxes.
B) A credit to Income Taxes Receivable.
C) A debit to Revenues Control.
D) A credit to Revenues Control.
Correct Answer:
Verified
Correct Answer:
Verified
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