Assume that it is tax year 2014 complete the journal


1. Government levied $2,000,000 of General Fund Property tax for the fiscal year with an estimated uncollectible amount of $400,000.

2. The General Fund paid $350,000 on the vouchers payable that were outstanding at the end of FY 2013.

3. The General Fund paid the $13,000 reported as Due to Other Funds at the end of FY 2013. This amount was reported as Internal Payables to Business-type Activities at the government-wide level.

Assume that it is Tax Year 2014. Complete the journal entries for the General Fund only.

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Accounting Basics: Assume that it is tax year 2014 complete the journal
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