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Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000. Taxes ReceivableCurrent 2,000,000 Estimated Uncollectible Delinquent
Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000. | Taxes ReceivableCurrent | 2,000,000 | |
Estimated Uncollectible Delinquent Taxes | 400,000 | ||
Revenues -Property Tax | 1,600,000 | ||
The General Fund paid $350,000 on the vouchers payable that were outstanding at the end of FY 2013. | Vouchers Payable | 350,000 | |
Cash | 350,000 | ||
The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business -type Activities at the government-wide level. | Due to Other Funds | 13,000 | |
Cash | 13,000 | ||
Assume that it is Tax Year 2014. Complete the yellow area for the General Fund only. |
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