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Washington County assumed the responsibility of collecting property taxes for all governments within its boundaries. In order to reimburse the county for expenditures for administering

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Washington County assumed the responsibility of collecting property taxes for all governments within its boundaries. In order to reimburse the county for expenditures for administering the Tax Agency Fund, the Tax Agency Fund is to deduct 1.5 percent from the collections from the city and school district. The total amount deducted is to be added to the collections for the county and remitted to the County General Fund. You are to record the following transactions in the accounts of the Washington County Tax Ageney Fund. 1. Current year tax levies to be collected by the Tax Agency Fund were: County General Fund Town of Samucls Washington County School District 9,800,000 6,200,000 9,600,000 2. In the first half of the year $4,120,000 was collected for the County General Fund, $3,456,000 for the Town and $4,608,000 for the School District. 3. Liabilities to all three units were recorded. Calculate amounts due by setting up a calculation schedule similar to the one you see at the top of page 187 of your textbook and then prepare the entry

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