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Cities of Smithville problem, 18th Edition. Chapter 4, 4-a-3 [Para. 4-a-3] Cash was received during the year in the total amount of $4,028,058 for collections
Cities of Smithville problem, 18th Edition. Chapter 4, 4-a-3
[Para. 4-a-3] Cash was received during the year in the total amount of $4,028,058 for collections from the following receivables and cash revenues, as indicated: Current Property Taxes Delinquent Property Taxes Interest and Penalties Receivable on Taxes Due from State Government Revenues: (total: $1,953,381) $1,488,206 387,201 34,270 165,000 Licenses and Permits Fines and Forfeits Intergovernmental Charges for Services 477,960 211,106 639,000 625,315 4,028,058 Total Required: Record the receipt of cash and the related credits to receivables and revenues accounts, as applicable, in both the General Fund and governmental activities journals. (Select "Received in cash" in the dropdown [Description] menu in the Detail Journal related to the General Fund revenue entries.) For purposes of the governmental activities entries at the government-wide level assume the following revenue classifications: General Fund Licenses and Permits Fines and Forfeits Intergovernmental Charges for Services Governmental Activities Program Revenues-General Government- Charges for Services Program Revenues-General Government-Charges for Services Program Revenues-Public Safety-Operating Grants and Contributions Program Revenues-General Government-Charges for Services, $343,924 Program Revenues-Culture and Recreation- Charges for Services, $281,391Step by Step Solution
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