Kirby County established a tax agency fund to collect property taxes for the City of Kix, the City of Denton, and Kirby County School District. Total tax levies of the three governmental units were $200,000 for the year, of which $60,000 was for the City of Kix, $40,000 for Denton, and $100,000 for the School District.

During the year the tax agency fund collected and remitted $150,000 of the $200,000 levies to the various governmental units. The remaining balance is delinquent. For the Kirby County Tax Agency Fund prepare the journal entries to record the taxes levied, the taxes collected during the year, the remittances made to participating governments and the reclassification to delinquent taxes.