The county collector of Sun County is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. To reimburse the county for estimated administrative expenses of operating the tax custodial fund, the custodial fund deducts 4 percent from the collections for the town, the school district, and the other towns. The total amount deducted is added to the collections for the county and remitted to the Sun County General Fund.

The following events occurred during the year:

Current-year tax levies to be collected by the custodial fund were

County General Fund	$	10,393,000
Town of Bayshore		4,870,000
Sun County Consolidated School District		6,580,000
Total	$	21,843,000

D. Record the distribution of cash collected during the year.

Journal entry worksheet Record the distribution of cash collected during the year. Note: Enter debits before credits