Assume that a city's general fund has the following beginning account balances at $1/01/20$X$6$:

The following events and transactions occurred during $20$X$6$:

A city records a property tax levy of $$1,000,000$ for $20x6.$ It is estimated that $5\%$ will not be collected.

Collections during $206$ were $$750,000$ on current taxes receivable and $$30,000$ on delinquent taxes receivable.

Appropriate reclassification entries are made at year end for property taxes.

Delinquent taxes of $$25,000$ are written off.

Adjust the allowance for delinquent taxes to $20\%$ of the gross delinquent receivable.

Of the gross remaining delinquent taxes $30\%$ are expected to be collected in the first two months of $2016$ and the

remaining $50\%$ collected by the end of $207.$

Prepare journal entries for the above activity in the space below. $-$ Hint, there should be $7.$