1. [Para. 6-d-7] During the second half of 2021, property taxes were collected in the amount of $290,000.

At year-end, the uncollected amount of current property taxes receivable and related estimated uncollectible amount were reclassified as delinquent. Interest and penalties of $3,600 were also levied, of which $180 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 record the receipt of current property taxes, to reclassify amounts as indicated; to accrue interest and penalties, and related revenues and deferred inflow of resources.

1. [Para. 6-d-8] Of the amount classified as delinquent in 6-d-7, 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

I just need help with 6-d-8 I have the first one completed. The remainder that was turned into taxes receivable- delinquent was $45,000. I am assuming $45,000 would be your starting number for 6-d-8