1. A city can levy $1,200,000 in property taxes. It is believed that 5% will be uncollected to
record the tax levy would include.
a. A debit to Allowance for Uncollectible Current Taxes for $6,000.
b. A credit to Tax Revenue for $1,200,000
c. A credit to
lExam 2, Chapters 3 & 4
Governmental Accounting, Spring, 2012
Multiple Choice 25 x 3
Total Score _J MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) The city of Britta
On the journal form, at the end of the exam, record each of the following transactions in the
General Fund, for calendar year 2010. In the date column, identify the number of the
1. Levied general property taxes of $1,500,000, .25% ar