Question
On January 1, 2016, Richmond Countys taxes receivable-delinquent accounts of the general fund had the following balances: Dr. Cr. Taxes receivabledelinquent 150,000 Allowance for uncollectible
On January 1, 2016, Richmond Countys taxes receivable-delinquent accounts of the general fund had the following balances:
Dr. Cr.
Taxes receivabledelinquent 150,000
Allowance for uncollectible taxes---delinquent 120,000
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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Auditing Investments
Authors: Barbara Davison
1st Edition
0894134272, 978-0894134272
