t/f

32. The correct JE to record the ultimate payment of the first quarter tax collections to Caddo Parish GF is to DR Cash for 6,370,000 and to CR Taxes Receivable - Current for 6,370,000. 33 Suppose that the City of Shreveport GF estimates that 3% of its general property-tax levy will be uncollectible. The JE needed to record the assessment of taxes will be to DR Taxes Receivable Current for 20,000,000, to CR Estimated Uncollectible Current Taxes for 600,000 and to CR Revenue for $19,400,000