2022-06-18 01 38 38 (3)

Required A Required B Required C Prepare journal entries to record the property tax transactions in the governmental activities journal. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Fund / Governmental - . Activties General Journal Debit Credit 1. Levied property taxes of $6,510,000, of which 2 percent is estimated to be uncollectible. Transaction 1 Governmental Activities 2. Collected current property taxes amounting to $5,965,000. 2 Governmental Activities 3. Collected $52,100 in delinquent taxes and $4,800 in interest and penalties on the delinquent taxes. These amounts had been recorded as Deferred Inflows of Resources in the prior year. 3 Governmental Activities 4. Imposed penalties and interest in the amount of $7,400 but only expects to collect $6,200 of that amount. 4 Governmental Activities 5. Reclassified uncollected taxes and interest and penalties as delinquent. These amounts are not expected to be collected within the first 60 days of the following fiscal year. 5 Governmental Activities
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