Problem regarding the statement of adjustments


Question: Victoria has agreed to sell her home to Penny for $140,000. Property taxes of $2,300 have been assessed and were paid in full by Victoria on July 15. There is an outstanding late payment penalty of $85, which Victoria has not yet paid. The adjustment and possession date is December 28. It is NOT a leap year. Penny's share of the property taxes will appear on her own statement of adjustments as: Group of answer choices a credit of $25.21. a credit of $18.90. a debit of $25.21. a debit of $18.90.

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Accounting Basics: Problem regarding the statement of adjustments
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