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Property taxes of 1,500,000 are levied for Miner County. All except 5% of the taxes are expected to be collected within 60 days of year-end.

Property taxes of 1,500,000 are levied for Miner County. All except 5% of the taxes are expected to be collected within 60 days of year-end. Required: Prepare the required journal entry and identify the fund in which it is recorded.?

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