Mathematics, 03.01.2020 05:31 caitybugking

Aproperty's taxes are $9,540 and are paid for in arrears. the property was sold and closing took place on march 7. the seller was responsible for the day of closing. using the 360 day method, how will taxes be prorated?

1 - credit the buyer $1,776 and debit the seller $1,776.
2 - credit the seller $186 and debit the buyer $186.
3 - credit the buyer $1,590 and debit the seller $1,590.
4 - credit the buyer $1,675.50 and debit the seller $1,675.50.

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Aproperty's taxes are $9,540 and are paid for in arrears. the property was sold and closing took pla...

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