Question
How would I record the journal entry for the following transaction? A general tax levy in the amount of $6,800,000 was made. It is estimated
How would I record the journal entry for the following transaction?
A general tax levy in the amount of $6,800,000 was made. It is estimated that 2 percent (.0225) of the tax will be uncollectible.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
