t/f

34. The correct JE to record the ultimate payment of the first quarter tax collections to the City of Shreveport GF is to DR Cash for 5,070,000 and to CR Taxes Receivable -- Current for 5,070,000. 35. Suppose that the Caddo Parish Schools do not make a provision for uncollectible taxes. The JE needed to record the assessment of taxes will be to DR Taxes Receivable Current for 6,000,000 and to CR Revenue for $6,000,000. 29. Assume that the numbers in Q27 above are correct (this may or may not be the actual case - i.e., making this assumption in Q28 does not mean that Q27 is T or that it is not T) Given this assumption, if all of the cash in the TCF following the first quarter is distributed, the correct JE to record this distribution for the TCF is to DR Due to Caddo Parish GF for 6,370,000, DR Due to City of Shreveport GF for 5,070,000, DR Due to Caddo Parish Schools GF for 1,560,000 and CR Cash for 13,000,000. Questions 30-35 below deal with JEs for the individual government entities. When recording amounts allocable to the individual government entities, assume that the numbers in # 29 above are correct: HE LE WILL 34. The correct JE to record the ultimate payment of the first quarter tax collections to the City of Shreveport GF is to DR Cash for 5,070,000 and to CR Taxes Receivable -- Current for 5,070,000. 35. Suppose that the Caddo Parish Schools do not make a provision for uncollectible taxes. The JE needed to record the assessment of taxes will be to DR Taxes Receivable Current for 6,000,000 and to CR Revenue for $6,000,000. 29. Assume that the numbers in Q27 above are correct (this may or may not be the actual case - i.e., making this assumption in Q28 does not mean that Q27 is T or that it is not T) Given this assumption, if all of the cash in the TCF following the first quarter is distributed, the correct JE to record this distribution for the TCF is to DR Due to Caddo Parish GF for 6,370,000, DR Due to City of Shreveport GF for 5,070,000, DR Due to Caddo Parish Schools GF for 1,560,000 and CR Cash for 13,000,000. Questions 30-35 below deal with JEs for the individual government entities. When recording amounts allocable to the individual government entities, assume that the numbers in # 29 above are correct: HE LE WILL