Record the reclassification of the property tax revenue of current year: Revenues Deferred Inflows of Resources-Unavailable Revenues Below is the data to be used

17. All unpaid current year's property taxes became delinquent. The balances of the current taxes receivable and related uncollectibles were transferred to delinquent accounts. The City uses the 60-day rule for all revenues and does not expect to collect any delinquent property taxes or interest and penalties in the first 60 days of the next fiscal year. 17a General Fund Record the reclassification of the unpaid property taxes of current year. 17b 17c Taxes Receivable-Delinquent Taxes Receivable-Current 310,000 310,000 Record the reclassification of the related allowance for estimated uncollectible property taxes of current year. Allowance for Uncollectible Current Taxes 73,800 Allowance for Uncollectible Delinquent Taxes 73,800 Record the reclassification of the property tax revenue of current year. Revenues 3,383,751 Deferred Inflows of Resources-Unavailable Revenues 3,383,751 X 17d Governmental Activities Record the reclassification of the unpaid property taxes of current year. Taxes Receivable-Delinquent 310,000 Taxes Receivable-Current 310,000 17e 17f Record the reclassification of the related allowance for estimated uncollectible property taxes of current year. Allowance for Uncollectible Current Taxes 73,800 Allowance for Uncollectible Delinquent Taxes Record the reclassification of the property tax revenue of current year. No Journal Entry Required 73,800 18. A physical inventory of materials and supplies at June 30, 2023, showed a total of $20,500. Inventory is recorded using the purchases method in the General Fund; the consumption method is used at the government-wide level. (Note: A periodic inventory system is used both in the General Fund and at the government-wide level. When inventory was purchased during the year, Expenditures were debited in the General Fund journal and Inventory of Supplies was debited in the governmental activities journal.) 18 General Fund Inventory of Supplies Fund Balance-Nonspendable-Inventory of Supplies Governmental Activities No Journal Entry Required 3,700 3,700