Prepare the appropriate journal entries.

1. Property taxes were levied against property owners in the city amounting to $30,000,000. Of this amount, the city expects that 10% will be uncollectible. Credit Account Debit 2. Of the amount of property taxes that the city expects to collect, 10% will not be received within 60 days after the year end date. Credit Account Debit 3. The city has a city-wide sales tax. During the year, the city received $4,000,000 in sales taxes. Credit Account Debit 4. Additional sales taxes of $750,000 are expected to be received after the year's end. Of that amount, $50,000 will not be received in time to settle current-year liabilities. Account Debit Credit