Question
1 Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000. 2 The General Fund paid
1 Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000. 2 The General Fund paid $350,000 on the vouchers payable that were outstanding at the end of FY 2013. 3 The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business -type Activities at the government-wide level. Assume that it is Tax Year 2014. Complete the yellow area for the General Fund only. Prepare the necessary journal entries.
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