1-The county levied property taxes of $5,000,000. It is estimated that 2% will be uncollectible. The rest of the taxes are expected to be collected by year end or soon enough thereafter to be considered available at year end. Which of the following would be a correct entry?

(CR) Taxes ReceivableCurrent 5,000,000

(CR) Allowance for Uncollectible TaxesCurrent 100,000

(DB)Allowance for Uncollectible TaxesCurrent 100,000

(DB) Revenues 4,900,000

2- The county General Fund loaned $800,000 (from resources available for general purposes) to the Washington County Inland Port Authority Enterprise Fund. The loan is to be repaid in 3 years. Which entry would be correct?

(DB) Advance to Enterprise Fund 800,000

(DB) Cash 800,000

(DB) Due to Enterprise Fund 800,000

(CR) Advance to Enterprise Fund 800,000

3-The county purchased road maintenance equipment at an actual cost of $40,000,which was vouchered. Which entry would be correct?

(CR) Expenditures 40,000

(DB) Vouchers Payable 40,000

(CR) Cash 40,000

General capital assets accounts would be increased by 40,000