Revenues control 2. The General Fund of the City of Lexington approved a tax levy for the calendar year 2017 in the amount of $2,600,000. During 2017, $2,250,000 was collected. During 2018, $95,000 was collected during the first 30 days, $75,000 was collected during |Page days 31-60, and $70,000 was collected during the days 61-90. The balance is showed $2,600,000 in revenues. How much revenue should the City recognize in expected to be uncollectible. During the post-audit, you discovered that the City 2017 from this tax levy? A) $2,250,000 B) $ 2,345,000 C) $ 2,420,000 D) $ 2,465,000 is correct with respect to accounting for supplies inventories i the purchase method or th