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I cant figure this one out please help. 2 2 2 Homework Saved On July 1, 2020, the beginning of its fiscal year, Ridgedale County

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2 2 2 Homework Saved On July 1, 2020, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,800,000. The county estimated that 2 percent of the taxes levied would be uncollectible. As of April 30, 2021, the due date for all property taxes, the county had collected $4.470,000 in taxes. During the current fiscal year, the county collected $56,000 in delinquent taxes and $5,400 in Interest and penalties on the delinquent taxes. The county imposed penalties and interest in the amount of $15,100 but only expects to collect $13,100 of that amount. At the end of the fiscal year (June 30, 2021), uncollected taxes, interest, and penalties are reclassified They are not expected to be collected within the first 60 days for the following fiscal year. Required Record entries for the above transactions as stated in the individual statements below, and post corresponding information into the Revenues ledger as appropriate. a. Prepare journal entries to record the tax levy on July 1, 2020, in the General Fund (Ignore all entries irthe governmental activities b. Prepare a summary Journal entry to record the collection of current taxes as of April 30 c. Prepare a summary journal entry to record the collection of delinquent taxes, Interest, and penalties. (You may assume that these amounts had been designated Deferred Inflows of Resources.) d. Prepare the journal entry necessary to reclassify the uncollected tax amounts as delinquent. Assume these taxes are not expected to be collected within 60 days of year-end. e. Prepare the journal entry necessary to record interest and penalties if they are not expected to be collected soon after year-end. Complete this question by entering your answers in the tabs below. Reg A to E Reg A to E Journal Entries Subsidiary Ledger Record the following journal entries in the General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction lit View journal entry worksheet No Event Debit Credit 1 8 General Journal Taxes Receivable Current Revenues Allowance for Uncollectible Current Taxes 4.800,000 4.704,000 95.000 2 b 4.470.000 Cash Taxes Receivable Current 4,470.000 3 Allowance for Uncollectible Interest and Penalties Allowance for Uncollectible Delinquent Taxes Teres Receivable Current 234.000 96,000 330,000 Work you have comp Recora entries for the above transactions as stated in the individual statements below, and post corresponding intormation into the Revenues ledger as appropriate. a. Prepare journal entries to record the tax levy on July 1, 2020, in the General Fund. (Ignore all entries in the governmental activities journal.) b. Prepare a summary journal entry to record the collection of current taxes as of April 30. c. Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties. (You may assume that these amounts had been designated Deferred Inflows of Resources.) d. Prepare the journal entry necessary to reclassify the uncollected tax amounts as delinquent. Assume these taxes are not expected to be collected within 60 days of year-end. e. Prepare the journal entry necessary to record interest and penalties if they are not expected to be collected soon after year-end. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A to E Req Ato E Subsidiary Doumal Entries Ledger Record the following journal entries in the General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) No Event General Joumal Debit 1 Taxes Receivablo-Current 4,800,000 Revenues 4,70 Allowance for Uncollectible Current Taxes a OOO 9 2 b 2 Cash Taxes Receivable Current 4.470.000 3 c(1) Allowance for Uncollectible Interest and Penalties Allowance for Uncollectible Delinquent Taxes Taxes Receivable Current Allowance for Uncollectible Delinquent Taxes 234.000 98.000 30 Req Ato E Subsidiary Ledger > Pe not expe Answer is not complete. Complete this question by entering your answers in the tabs below. Req A to E Req A to E Journal Entries Subsidiary Ledger Show subsidiary detail for the Revenues ledger. RIDGEDALE COUNTY Revenues Ledger Est. Revenues Dr(Cr) Revenues Cr(Dr) Balance Dr(Cr) Account / Description Taxes Property Tax Interest and Penalties Delinquent Taxes Property Tax Interest and Penalties Deferred Inflows of Resources Property Tax Interest and Penalties Work you have comp Recora entries for the above transactions as stated in the individual statements below, and post corresponding intormation into the Revenues ledger as appropriate. a. Prepare journal entries to record the tax levy on July 1, 2020, in the General Fund. (Ignore all entries in the governmental activities journal.) b. Prepare a summary journal entry to record the collection of current taxes as of April 30. c. Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties. (You may assume that these amounts had been designated Deferred Inflows of Resources.) d. Prepare the journal entry necessary to reclassify the uncollected tax amounts as delinquent. Assume these taxes are not expected to be collected within 60 days of year-end. e. Prepare the journal entry necessary to record interest and penalties if they are not expected to be collected soon after year-end. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A to E Req Ato E Subsidiary Doumal Entries Ledger Record the following journal entries in the General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) No Event General Joumal Debit 1 Taxes Receivablo-Current 4,800,000 Revenues 4,70 Allowance for Uncollectible Current Taxes a OOO 9 2 b 2 Cash Taxes Receivable Current 4.470.000 3 c(1) Allowance for Uncollectible Interest and Penalties Allowance for Uncollectible Delinquent Taxes Taxes Receivable Current Allowance for Uncollectible Delinquent Taxes 234.000 98.000 30 Req Ato E Subsidiary Ledger > Pe not expe Answer is not complete. Complete this question by entering your answers in the tabs below. Req A to E Req A to E Journal Entries Subsidiary Ledger Show subsidiary detail for the Revenues ledger. RIDGEDALE COUNTY Revenues Ledger Est. Revenues Dr(Cr) Revenues Cr(Dr) Balance Dr(Cr) Account / Description Taxes Property Tax Interest and Penalties Delinquent Taxes Property Tax Interest and Penalties Deferred Inflows of Resources Property Tax Interest and Penalties

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