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9. The general fund of the City of Dubai revenue (levy) of $3,000,000...

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Accounting

9. The general fund of the City of Dubai revenue (levy) of $3,000,000 for the fiscal year beginning on January 1, 2019. It was estimated that 1% of the levy would be uncollectible. During the period January 1, 2019, through December 31, 2016, $2,960,000 of the levy was collected. At December 31, 2019, Dubai estimated that $10,000 of levied in 2019 would be collected during the first 60 days of 2020. What amount of revenue (levy) should be reported by the general fund for the year ended December 31, 2019?

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