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Benton County includes an independent school district and two individually chartered towns within the County Benton County's Treasurer assesses and collects property taxes on behalf

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Benton County includes an independent school district and two individually chartered towns within the County Benton County's 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 School District Towns Total $26,400,000 13,900,000 3,900,000 $44,200,000 es 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 District-Identify the funds Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event select 'NO Journal Entry Required" in the first account field) View transaction list XI 1 Record taxes receivable for other governments 2 Record tax received for other governments 3 Record entry for taxes payable due to specific government units 4 Record entry for cash payment to other government units. Credit journal entry has been entered ent School District-identify the funds Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County General Fund. (If no entry is required for a transaction/event. select "No Journal Entry Required in the first account field.) View transaction list X 1 Record current property tax receivables. 2 Record current tax received in cash. Credit Note: Journal entry has been entered View general Journal Clear entry Record entry

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