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Eldora, Inc

Question 48

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 is the adjusting entry Eldora, Inc. should make on September 30, 2012?


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 is the adjusting entry Eldora, Inc. should make on September 30, 2012? 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 is the adjusting entry Eldora, Inc. should make on September 30, 2012? 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 is the adjusting entry Eldora, Inc. should make on September 30, 2012? 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 is the adjusting entry Eldora, Inc. should make on September 30, 2012? A) B) C) D)

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