On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $3,200,000. The county estimated that 5% of the taxes levied would be uncollectible. As of April 30, 2018, the due for all property taxes, the county had collected $2,950,000 in taxes. The county imposed penalties and interest in the amount of $13,500, but only expects to collect $12,300 of that amount. At the end of the fiscal year the county had collected $48,000 in delinquent taxes and $3,800 in interest and penalities on the delinquent taxes.

A. Prepare Jounal entries to record the tax levey on July 1, 2017 in the General Fund.

B. Show subsidiary detail for the Revenue ledger.

C. Record the following journal entries in the General Fund.

1. Record the receipt of taxes as of April 30.

2. Record the entry to reclassify the uncollected tax amounts as delinquent.

3. Record interest and penalties.

4. Record the collection of delinquent taxes, interest and penalties.