At the beginning of 202, Crimson City levies $10 million of property taxes for the 202 year. During 202,$9 million of taxes were collected. The City debited cash and credited property taxes receivable for $9 million dollars. Under ACCRUAL, it would also make a $9 million credit to: Prepaid Revenues Property Tax Revenue No other entry would need to be made Deferred inflows of resources (Property taxes)