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Additional interest and penalties were accrued on delinquent property taxes in the amount of $1,960, of which 10 percent was estimated to be uncollectible. (Note:
Additional interest and penalties were accrued on delinquent property taxes |
in the amount of $1,960, of which 10 percent was estimated to be uncollectible. (Note: |
Round the estimated uncollectible to the nearest whole dollar.) |
Required: |
Record this accrual in both the General Fund (GF) and governmental activities |
Need Journal Entries for the General Fund and the Government-Wide Activities
(GW) general journals. |
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