1. Prepare entries to record the following transactions and events related to Max County's tax revenues for the year beginning January 1, 2013:

a. To raise property tax revenue of $750,000, the County bills its property owners a total of $752,000, providing $2,000 for uncollectible and refundable taxes.

b. During the year, taxpayers pay a total of $650,000 in property taxes.

c. Edam declares bankruptcy, owing the County $2,000 in property taxes. The County writes off the unpaid amount as uncollectible.

d. The state collects sales taxes on behalf of Max County. It sends the County $150,000 for sales taxes collected during the year.

e. At year-end, the County declares all unpaid property taxes to be delinquent.