The City of Castleton's General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year: Credits Debits $ 298,000 584,000 $299,120 26,380 11,260 Cash Taxes Receivable-Delinquent Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable Allowance for Uncollectible Interest and Penalties Inventory of Supplies Vouchers Payable Due to Federal Government Deferred Inflows of Resources-Unavailable Revenues Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Unassigned 16,200 149,500 60,490 300,000 16,200 88,010 $924,580 $924,580 5. $1,971,000 of current taxes, $384,270 of delinquent taxes, and $20,670 of interest and penalties were collected. The delinquent taxes and associated interest and penalties were collected more than 60 days after the prior year-end. Record the $1,971,000 of current taxes, $384,270 of delinquent taxes, and $20,670 of interest and penalties collected 5a General Fund Cash 2,375,940 Taxes Receivable-Current I 1,971,000 Taxes Receivable-Delinquent 384,270 Interest and Penalties Receivable 20,670 Record the delinquent taxes and associated interest and penalties collected more than 60 days after the prior year-end. Deferred Inflows of ResourcesUnavailable Revenues 404,940 Revenues 404,940 5c Record the $1,971,000 of current taxes, $384,270 of delinquent taxes, and $20,670 of interest and penalties Governmental Activities collected Cash 2,375,940 Taxes ReceivableCurrent 11,971,000 Taxes Receivable-Delinquent 384,270 Interest and Penalties Receivable 20,670 8. Delinquent taxes of $13,000 were deemed uncollectible and written off. The associated interest and penalties of $967 also were written off. General Fund Allowance for Uncollectible Delinquent Taxes 13,000 Allowance for Uncollectible Interest and Penalties 967 Taxes Receivable-Delinquent Interest and Penalties Receivable 13,000 967 13,000 967 1 Governmental Activities Allowance for Uncollectible Delinquent Taxes Allowance for Uncollectible Interest and Penalties Taxes Receivable-Delinquent Interest and Penalties Receivable 13,000 967 16. All unpaid current year's property taxes became delinquent. The balances of the current taxes receivables 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. 16a General Fund Record the delinquent amount of unpaid property taxes. Taxes Receivable-Delinquent Taxes ReceivableCurrent 16b Record the adjustment for the delinquent amount of tax against the allowance. Allowance for Uncollectible Current Taxes Allowance for Uncollectible Delinquent Taxes 43,100 43,100 Record the deferred inflow of resource Revenues Deferred Inflows of Resources-Unavailable Revenues 160 Governmental Activities Record the delinquent amount of unpaid property taxes. Taxes Receivable-Delinquent Taxes Receivable-Current The City of Castleton's General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year: Credits Debits $ 298,000 584,000 $299,120 26,380 11,260 Cash Taxes Receivable-Delinquent Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable Allowance for Uncollectible Interest and Penalties Inventory of Supplies Vouchers Payable Due to Federal Government Deferred Inflows of Resources-Unavailable Revenues Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Unassigned 16,200 149,500 60,490 300,000 16,200 88,010 $924,580 $924,580 5. $1,971,000 of current taxes, $384,270 of delinquent taxes, and $20,670 of interest and penalties were collected. The delinquent taxes and associated interest and penalties were collected more than 60 days after the prior year-end. Record the $1,971,000 of current taxes, $384,270 of delinquent taxes, and $20,670 of interest and penalties collected 5a General Fund Cash 2,375,940 Taxes Receivable-Current I 1,971,000 Taxes Receivable-Delinquent 384,270 Interest and Penalties Receivable 20,670 Record the delinquent taxes and associated interest and penalties collected more than 60 days after the prior year-end. Deferred Inflows of ResourcesUnavailable Revenues 404,940 Revenues 404,940 5c Record the $1,971,000 of current taxes, $384,270 of delinquent taxes, and $20,670 of interest and penalties Governmental Activities collected Cash 2,375,940 Taxes ReceivableCurrent 11,971,000 Taxes Receivable-Delinquent 384,270 Interest and Penalties Receivable 20,670 8. Delinquent taxes of $13,000 were deemed uncollectible and written off. The associated interest and penalties of $967 also were written off. General Fund Allowance for Uncollectible Delinquent Taxes 13,000 Allowance for Uncollectible Interest and Penalties 967 Taxes Receivable-Delinquent Interest and Penalties Receivable 13,000 967 13,000 967 1 Governmental Activities Allowance for Uncollectible Delinquent Taxes Allowance for Uncollectible Interest and Penalties Taxes Receivable-Delinquent Interest and Penalties Receivable 13,000 967 16. All unpaid current year's property taxes became delinquent. The balances of the current taxes receivables 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. 16a General Fund Record the delinquent amount of unpaid property taxes. Taxes Receivable-Delinquent Taxes ReceivableCurrent 16b Record the adjustment for the delinquent amount of tax against the allowance. Allowance for Uncollectible Current Taxes Allowance for Uncollectible Delinquent Taxes 43,100 43,100 Record the deferred inflow of resource Revenues Deferred Inflows of Resources-Unavailable Revenues 160 Governmental Activities Record the delinquent amount of unpaid property taxes. Taxes Receivable-Delinquent Taxes Receivable-Current