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Record transaction in the general fund

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Question - Delinquent taxes receivable in the amount of $17,150 were written off as uncollectible. Interest and penalties already recorded as receivable on these taxes, amounting to $3,087, were also written off. Additional interest on these taxes that had legally accrued was not recorded since it was deemed uncollectible in its entirety.

Required: Record this transaction in the General Fund and governmental activities journals.

Reference no: EM132175078

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