I need help with Para 8b-6

[Para. 8-b-6] Make a year-end aggregate journal entry to reflect the additions and deductions made to net position for the reporting period.

Required: Using debits, record deductions for the amount of the administrative fee, and all funds transferred to other governments and funds in paragraphs 8-b-2 and 8-b-4. Additions should be credited for all property tax collections made for other governments. Recall that amounts related to the City of Smithville General Fund are not included in the journal entry because the city does not hold a net position in the fiduciary fund since it is administering the fund.

8b-2

Delinquent Interest and

Governments/Funds:TaxesPenaltiesTotal

City of Smithville General Fund$387,201$34,270$421,471

Smithville CSD722,65057,810780,460

Smith County459,98041,400501,380

Smith County FPD 162,560 13,050 175,610

Total collected$1,732,391$146,530$1,878,921

8b-4

1.[Para. 8-b-4] Current taxes were collected during the year for the funds and governments shown below:

Current Taxes

Funds/Governments:Collected

City of Smithville General Fund$1,488,206

Smithville CSD8,412,730

Smith County2,069,800

Smith County FPD1,747,540

Total collected$13,718,276