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1: Record the transactions in the books of the Benton County Tax Agency fund 2: Record the transactions in the books of the Benton County
1: Record the transactions in the books of the Benton County Tax Agency fund
2: Record the transactions in the books of the Benton County General Fund
3: Record the transactions in the books of the Benton County Independent School District general fund
Note: There are 2 separate towns in this problem so please clarify between town 1 and 2,. Thanks
1 Benton County includes an independent school district and two individually chartered towns within the County. Benton County's Treasurer assesses and collects property taxes on behalf of itself, the school district, and the towns. The County uses a tax collection custodial fund to record tax collections for the school district and towns. During the year ended December 31, 2020, the following transactions took place: 1. The County levied taxes as follows: 10 points Skipped Benton County General Fund School District Towns Total $25,600,000 13,100,000 3,100,000 $41,800,000 eBook 2. The property taxes levied in part (a) were collected. 3. The amounts collected were paid to the school district and towns. Required: a. Prepare journal entries for Benton County and the Benton County Independent School District-identify the funds. Ask Complete this question by entering your answers in the tabs below. References Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Events General Journal Debit Credit 2 B No Transaction Recorded 3 C1 No Transaction RecordedStep by Step Solution
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