The City of Happy Valley records the following property tax transactions. Prepare the journal entries:

1. Property taxes of $10,000,000 are levied and 5% are estimated to be uncollectible

2. Property taxes of $9,800,000 are collected

3. The property taxes become delinquent after the due date passes. The city estimates that 5% of the delinquent amount will not be collected.

4. Inteest and penalties of $10,000 are charged on the delinquent taxes

5. Delinquent taxes of $180,000 and $9,000 in interest and penalties are paid