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The City of Summerville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements.

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The City of Summerville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government-wide financial statements. You are to prepare, in journal form, worksheet adjustments for each of the following situations. - 2 points per journal entry. Deferred property tax revenues at the beginning of the year were $20,000. At the end of the year deferred property tax revenues were $18,000. Both deferrals related to the application of the 60-day rule. - 2 journal entries Ff A BI

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