Prepare, in journal form, worksheet adjustments for The City leveied property taxes for the current fiscal year in the amount of $10,000,000 When making the entries, it was estimated that 2% of the taxes would not be collected. At year-end, $600,000 of the taxes had not been collected. It was estimated that $300,000 of that amount would be collected during the 60-day period after the end of the fiscal year and the $100,000 would be collected after that time. The City had recognized the maximum of property taxes allowable under modified accrual accounting.