Journalize paid property taxes of $5200
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Journalize paid property taxes of $5200
Mortgage payable (debit)
Cash (credit)
Debit Property Taxes Expense for the amount paid
Credit Cash for the amount paid
The question I need help with is: Property taxes on the factory accrued during the Month, 1450
Debit Property Taxes Expense and Credit Property Taxes Payable for the amount listed.
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