Record the General Fund collection ($10,805,500) In cash. bok Note: Enter debits before credits Int Transaction General Journal Credit ences 08 Debit 10,805,500 + 158,000 Cash Taxes Receivable (Prior year) Interest and Penalties Receivable Taxes Receivable-Current Due from State Government Revenues Control Appropriations Control 3,500 6,400,000 204,000 (8) The General Fund collected the following in cash: o prior year taxes, $158,000; o interest and penalties receivable on prior year taxes, $3,500; o current taxes, $6,400,000; $204,000 previously recorded as due from the state government; licenses and permits, $800,000; o sales taxes, $2,890,000; and Miscellaneous revenues, $350,000