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A city levies property taves of $10,020,000 for its General Fund and it offers a 2 percent discount for payment within the discouns period, Based

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A city levies property taves of $10,020,000 for its General Fund and it offers a 2 percent discount for payment within the discouns period, Based on experience, ofy finunce officials estimate that $2,0,000 of discounts will be taken What entry should it make when the taxes are levied? Select one: b. C. No entry a required secsuse cash has not yet been received d

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