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On December 31, 2016, the delinquent taxes were reclassified as tax liens and fully reserved. Which of the following is correct to record the reclassification

On December 31, 2016, the delinquent taxes were reclassified as tax liens and fully reserved.

Which of the following is correct to record the reclassification of taxes?

Tax liens receivable 150,000

Taxes receivabledelinquent 150,000

Tax liens receivable 150,000

Taxes receivabledelinquent 150,000

Allowance for uncollectible tax liens 120,000

Allowance for uncollectible taxes--delinquent 120,000

Taxes receivabledelinquent 150,000

Tax liens receivable 150,000

Allowance for uncollectible taxes--delinquent 120,000

Allowance for uncollectible tax liens 120,000

Tax liens receivable 150,000

Taxes receivabledelinquent 150,000

Allowance for uncollectible taxes--delinquent 120,000

Allowance for uncollectible tax liens 120,000

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