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Unformatted text preview: 1,870,000 Allowance for Uncollectible Taxes 10,000 Property Tax Revenue 1,860,000 Record the property tax levy. (3) Allowance for Uncollectible Taxes 8,000 Taxes Receivable 8,000 Write off uncollectible taxes receivable. (4) Cash 1,820,000 Taxes Receivable 1,820,000 Record property tax collections. (5) ENCUMBRANCES 1,070,000 BUDGETARY FUND BALANCE RESERVED FOR ENCUMBRANCES 1,070,000 Record purchase commitments....
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- Fall '11