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Using good form, prepare all necessary 2019 journal entries to record the following events for a city that has a 12/31 year-end. Write No Entry
Using good form, prepare all necessary 2019 journal entries to record the following events for a city that has a 12/31 year-end. Write "No Entry Required" if no journal entry is required. a. On January 2, 2019 the City Council levied 2019 property taxes of $1 million, due on September 30, 2019. Historically 2% of property taxes are uncollectible. b. In January 2019, the city collected $13,000 in delinquent 2018 taxes. c. In March 2019, the city collected $12,000 in delinquent 2018 taxes. d. In September and October 2019, the city collected a total of 943,000 of 2019 taxes. c. In January 2020, the city collected $14,000 in delinquent 2019 taxes. Format BIU letter Accounts Debit Credit EX
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