Benton County includes an independent school district and two individually chartered towns within the County. Benton Countys Treasurer assesses and collects property taxes on behalf of itself, the school district, and the towns. The County uses a tax collection custodial fund to record tax collections for the school district and towns. During the year ended December 31, 2020, the following transactions took place: 1. The County levied taxes as follows:

Benton County General Fund	$	26,000,000
School District		13,500,000
Towns		3,500,000
Total	$	43,000,000

2. The property taxes levied in part (a) were collected. 3. The amounts collected were paid to the school district and towns. Required: a. Prepare journal entries for Benton County and the Benton County Independent School Districtidentify the funds.

No	Events	General Journal	Debit	Credit
1	A	Taxes Receivable for Other Governmentsselected answer correct	39,500,000selected answer incorrect	not attempted
		AdditionsProperty Taxes Collected for Other Governmentsselected answer correct	not attempted	39,500,000selected answer incorrect
2	B	Cashselected answer correct	39,500,000selected answer incorrect	not attempted
		Taxes Receivable for Other Governmentsselected answer correct	not attempted	39,500,000selected answer incorrect
3	C1	DeductionsPayment of Property Taxes to Other Governmentsselected answer correct	39,500,000selected answer incorrect	not attempted
		Amounts Payable to Other Governmentsselected answer correct	not attempted	39,500,000selected answer incorrect
4	C2	Amounts Payable to Other Governmentsselected answer correct	33,500,000selected answer incorrect	not attempted
		Cashselected answer correct	not attempted	33,500,000

No	Events	General Journal	Debit	Credit
1	A	Taxes ReceivableCurrentselected answer correct	26,000,000selected answer correct	not attempted
		Revenues Control(Property Taxes)selected answer correct	not attempted	26,000,000selected answer correct
2	B	Taxes ReceivableCurrentselected answer incorrect	13,500,000selected answer incorrect	not attempted
		Revenues Control(Property Taxes)selected answer incorrect	not attempted	13,500,000selected answer incorrect

No	Events	General Journal	Debit	Credit
1	A	Estimated Uncollectible Current Taxesselected answer incorrect	13,500,000selected answer correct	not attempted
		Revenues Control(Property Taxes)selected answer correct	not attempted	13,500,000selected answer correct
2	B	Cashselected answer correct	13,600,000selected answer incorrect	not attempted
		Estimated Uncollectible Current Taxesselected answer incorrect	not attempted	13,600,000selected answer incorrect