e. None of the above 15. "Available" ( as in measurable and available") means a. Available to finance expenditure of the current periogd b. Subject to accrual c. Collectible d. Available for appropriations e. None of the above PART II SHORT PROBLEMS (60 Points) For the Fiscal Year 2017, Twin City levied $500 million in property Taxes. It collected taxes applicable to the City as follows: June 1, through September 30, 2017 $20 million October 1 through November 30, 2017 $460 million December 2017 . $ 10 million The City recognizes that $10 million will not be collectible. Required: a. Provide the Journal Entries associated accounts. to record the Estimated Property Taxes Receivable and the e the Journal Entries to record the Cash Receipts for property taxes from June to December, 2017. How much should Twin City report as Property Tax Revenue in its General Fund? Independence School District issued $100 million general obligation bonds to finance t uction of a New High School with modern facilities. The bonds were issued at a premiu ic 0,000. are the Journal entries to record the issue of the Bonds in the General Fund