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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 $25,600,000 13,100,000 3,100,000 $41,880,000 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 District-Identify the funds. Complete this question by entering your answers in the tabs below. Required Al 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.) Journal entry worksheet 2 3 4 Record entry for taxes payable due to specific government units. Note: Enter debits before credits Events Debit Credit C1 General Journal Deductions Payment of Property Taxes to Other Governments Amounts Payable to Other Governments Record entry Clear entry View general journal Required Al Required A2 > View transaction list Journal entry worksheet 3 Record entry for cash payment to other government units. Note: Enter debits before credits Events C2 General Journal Amounts Payable to Other Governments Cash Debit Credit Record entry Clear entry View general journal Required A2 > 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 Journal entry worksheet 1 Record current property tax receivables. Note: Enter debits before credits Events Dobit Credit General Journal Taxes Receivable Current Revenues Control (Property Taxes) Record entry Clear entry View general journal Prev 1 of 4 ! Next > Record the transactions in the books or the demon Louny UNICORUITU. Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record current tax received in cash. Note: Enter debits before credits Dobit Events B Credit General Journal Cash Taxes Receivable Current Record entry Clear entry View general journal

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