[Para. 6-d-5] By June 30, 2024, property taxes had been collected in the amount of $475,000; $300,000 was invested in temporary investments that earn 2.6 percent per annum.

Required: Prepare the journal entry to record the amount invested.

[Para. 6-d-6] Bond interest of $37,500 due July 1, 2024 on the deferred serial bonds issued in 2023 and $82,500 on the 2.75% serial bonds issued in 2024 was paid on July 1.

Required: Prepare the journal entry to record the payment of interest.

[Para. 6-d-7] During the second half of 2024, property taxes were collected in the amount of $150,000.

Required: Prepare the journal entry to record the receipt of current property taxes.

[Para. 6-d-8] At year-end, the uncollected amount of current property taxes receivable and related estimated uncollectible amount were reclassified as delinquent.

Interest and penalties of $875 were also levied, of which $131 was estimated as uncollectible and $684 was classified as a deferred inflow of resources, the remainder was recognized as revenue.

Required: Prepare the journal entries to reclassify amounts as indicated; to accrue interest and penalties, and related revenues and deferred inflow of resources.

[Para. 6-d-9] Of the amount of current property taxes classified as delinquent in 6-d-8, it was determined based on history that $7,440 would not be collected within 60 days of the fiscal year end.

Required: Reclassify the revenues as deferred inflows of resources.

[Para. 6-d-10] Investment earnings received in cash during the year amounted to $3,900.

Required: Prepare the journal entry to record the investment earnings received.