17. (Property Taxes) Record the following transactions in the General Ledger accounts of the Brown Parish General Fund: (Prepare the necessary journal entries using the General Journal Entry Form) Brown Parish levied its 2015 property taxes on January 1, 2015. The total tax levy a. was 40,000,000;2% is expected to be uncollectible Brown collected $25,000,000 of property taxes before the due date. The remaining taxes are past due. b. Interest and Penalties of $1,500,000 were assessed on the past due taxes; 6% is expected to be uncollectible. c. 18. (Budgetary Entries)Record the budgetary events in the General Fund general ledger accounts. The city of Grambling adopted its fiscal year 2012 General Fund budget, using the modified accrual basis of accounting on January 1,2012, Budgeted revenues were $17 million; budgeted expenditures were $16,500,000. (Prepare the necessary journal entries using the General Journal Entry Form) August 5, 2012, the Grambling city council adopted a motion by the Mayor to increase the police department appropriation by $200,000. All other budgeted items remained unchanged. a. b. September 1, the city council revised the estimate of sales tax revenues upward by $60,000 19. Close the General Fund accounts (both budgetary and actual events Actual revenues for the year totaled $17,400,000