r ivelull credit even if the final Qu Qu Question 7 2 pts Time Runni Attempt due 41 Minutes The Current Year is 2018: Tax Levy is $320,000: 1% estimated uncollectible Cash collections during 2018: From 2018 levy collected during 2018 $260,000 From 2018 levy collected during 1st 60 days of 2019 $ 40.000 Using Modified Accrual accounting, the amount of 2018 recognized revenue and the amount of 2018 deferred revenue would be equal to: $260.000 revenue and $40.000 deferred revenue. $300.000 revenue and S-O-deferred revenue. $300,000 revenue and $16.800 deferred revenue. $300,000 revenue and S-O-deferred revenue. Next Previous