Introduction to governmental and not for profit accounting

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What are the proper journal entries to the following question: The city reduces tax bills by $60,000 based on taxpayer appeals of property value assessments, and taxpayers deduct $30,000 in discounts for early payment of bills. As a result, the city's net collection of property taxes in 2013 against the 2013 tax levy is $3,150,000.

Reference no: EM131260918

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