Question
F. A review of the Tax Receivable subsidiary ledger indicates the following: $20,000 would be received 120 days after year-end $45,000 would be received 90
F. A review of the Tax Receivable subsidiary ledger indicates the following: $20,000 would be received 120 days after year-end $45,000 would be received 90 days after year-end $22,000 would be received 60 days after year-end $21,000 would be received 30 days after year-end Record the property taxes to be deferred that is required by the GASB G. The treasurer of Smyth County approved the write-off of delinquent taxes from 2015 totaling $10,200 and related interest and penalties of $750. - Record the write-off of uncollectible delinquent taxes Prepare the journal entry as instructed for each.
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