FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Hint: For taxes received journal entry, the $5,000 must come from estimated uncollectible revenues.

Provide the journal entires for the Governmental Fund and Governmental Activity.
Taxes levied due January 1, 2023 - $950,000
Estimated uncollectible - $10,000
Date
Account
Date
Account
Taxes received $955,000
Date
Account
Debit
Debit
Debit
DS
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Transcribed Image Text:Provide the journal entires for the Governmental Fund and Governmental Activity. Taxes levied due January 1, 2023 - $950,000 Estimated uncollectible - $10,000 Date Account Date Account Taxes received $955,000 Date Account Debit Debit Debit DS
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