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Benton County maintains a tax agency fund for use by the County Treasurer to record receivables, collections, and disbursements of all property tax collections to all other units of government in the county. For FY 20162017, the following taxes were assessed:

Benton County General Fund	$	18,350,000
Town of Thomas		6,035,000
Town of Hart		4,025,000
Benton County School District		18,365,000
Various Special Districts		4,830,000
Total	$	51,605,000

During the first six months of the fiscal year, the following transactions took place:

1. The tax levy became effective. All units of government provided for an estimated 2 percent in uncollectible taxes.
2. Cash collections of the first installment of taxes were as follows:

Benton County General Fund	$	8,800,000
Town of Thomas		3,620,000
Town of Hart		2,415,000
Benton County School District		8,805,000
Various Special Districts		1,129,000
Total	$	24,769,000

3. Record the liability to the other governmental units, assuming that the county General Fund charges other governments 1.5 percent of all tax collected because the county General Fund incurs all costs of billing, recording, and collecting taxes.
4. Cash was paid to the various governmental units.

Required: a. Record the transactions on the books of the Benton County Tax Agency Fund. b. Record the transactions on the books of the Benton County General Fund. c. Record the transactions on the books of the Town of Thomas.

Can you help me figure out the incorrect ones

A.

B.

C.

1 1 33,255,000 Taxes Receivable for Other Governments-Current Due to Other Funds and Units 33,255,000 2 2 15,969,000 Cash Taxes Receivable for Other Governments-Current 15,969,000 33 15,969,000 Due to Other Funds and Units Due to Benton County General Fund Due to Town of Thomas Due to Town of Hart Due to Benton County School District Due to Various Special Districts 239,535 3,565,700 2,378,775 8,672,925 1,112,065 Due to Benton County General Fund Due to Town of Thomas Due to Town of Hart Due to Benton County School District Due to Various Special Districts Cash 239,535 3,565,700 8,672,925 1,112,065 15,969,000 X No Transaction Credit Debit 6,035,000 1 General Journal Taxes Receivable-Current Estimated Uncollectible Current Taxes Revenues Control 120,700 5,914,300 X Due From Tax Agency Fund Expenditures Control Taxes ReceivableCurrent 3,565,700 54,300 X 3,620,000 3,565,700 Cash Due From Tax Agency Fund 3,565,700

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