a.
Prepare journal entries to record property tax levy in the General Fund and Revenues ledger, as on July 1, 2017.
b.
Prepare
c.
Prepare journal entries to record reclassification of uncollected taxes as delinquent taxes in the General Fund general journal.
d.
Prepare journal entry to record interest and penalties that are expected to be uncollected in the General Fund.
e.
Prepare journal entries to record collection of delinquent taxes in the General Fund general journal and subsidiary ledger.
f.
Explain the way in which the reporting of property tax revenues differs from revenues reported for-a-profit organization.
g.
Explain whether the collectible delinquent taxes that are not collected until November 2018 (which is more than 60 days after the year-end), would affect the accounting treatment of the taxes.
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Chapter 4 Solutions
Accounting For Governmental And Not For Profit Entities
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