Prepare journal entries for the following transactions for both the general fund and the governmental wide financial statements.

1.The Kent city levies $200,000 of property taxes for its current fiscal year. one percent of the tax levy is expected to be uncollectible.

2. The city collects $170,000 of its taxes during the year.

3. The city collects $3,000 of prior-year taxes during the first two months of the current fiscal year.

4. $10,000 of current year levied property taxes is not collected by the end of the year, and is not expected to be collected during the first three months of the next year