[Para. 4-a-4] Of the $387,201 in delinquent property taxes collected in transaction 4-a-3 $76,994 had been recorded in the Deferred Inflows of Resources account. Additionally, $7,840 of the interest and penalties collected in 4-a-3 had also been recorded as deferred inflows of resources.

Required:In the General Fund recognize the property tax revenues and the interest and penalties revenues related to the deferred inflows of resources. To get this, debit the Deferred Inflows of Resources account and credit related property tax revenues and interest and penalties revenues. Select "Previous Deferral" in the [Description] menu in the Detail Journal. Under accrual accounting the deferral was not recognized in the governmental activities journal; therefore, there is no need to record a journal entry in the governmental activities journal.

What would my debits and credits look like for

1. General fund
2. Government journal

The link to the City of Smithville resources page on the Reck Student Resources, which contains downloads for Windows/Mac/Chromebook, instructions for how to use the software and a license agreement, is immediately below this line:

http://highered.mheducation.com/sites/1259917053/student_view0/cities_of_smithville_and_bingham_.html.

Direct links to the software downloads themselves by version are listed below this line:

• 32-bit Windows Download ishttps://lectures.mhhe.com/connect/reck18e_1259917053/smithville_bingham/32bit/MHECitiesofSmithvilleBinghamSetup0.6.38.exe
• 64-bit Windows Download ishttps://lectures.mhhe.com/connect/reck18e_1259917053/smithville_bingham/MHECitiesofSmithvilleBinghamSetup0.6.36.exe
• Mac Download ishttps://lectures.mhhe.com/connect/reck18e_1259917053/smithville_bingham/MHECitiesofSmithvilleBingham_0.6.36.dmg
• Chromebook Download (link to Chrome web store free download) ishttps://chrome.google.com/webstore/detail/cos-preview/khdjipfmfpdkhjdedpfgdbgjdcodcbml