During the current year, the Town of Westworld recorded the following transactions related to its...
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During the current year, the Town of Westworld recorded the following transactions related to its property taxes: Levied property taxes of $ of which percent is estimated to be uncollectible. Collected current property taxes amounting to $ Collected $ in delinquent taxes and $ in interest and penalties on the delinquent taxes. These amounts had been recorded as Deferred Inflows of Resources in the prior year. Imposed penalties and interest in the amount of $ but only expects to collect $ of that amount. No interest or penalties are expected to be collected this year or within days of yearend. Reclassified uncollected taxes as delinquent. These amounts are not expected to be collected within the first days of the following fiscal year. Prepare the journal entries for the General Fund and governmental activities journals. Closing entries are not required. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field. tableTransactionAccount Title,Debit,CreditGeneral Fund:,,Governmental Activities:,,Activities:,, 
During the current year, the Town of Westworld recorded the following transactions related to its property taxes:
Levied property taxes of $ of which percent is estimated to be uncollectible.
Collected current property taxes amounting to $
Collected $ in delinquent taxes and $ in interest and penalties on the delinquent taxes. These amounts had been recorded as Deferred Inflows of Resources in the prior year.
Imposed penalties and interest in the amount of $ but only expects to collect $ of that amount. No interest or penalties are expected to be collected this year or within days of yearend.
Reclassified uncollected taxes as delinquent. These amounts are not expected to be collected within the first days of the following fiscal year.
Prepare the journal entries for the General Fund and governmental activities journals. Closing entries are not required. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
tableTransactionAccount Title,Debit,CreditGeneral Fund:,,Governmental Activities:,,Activities:,,
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