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4-3 Property taxes are not necessarily recognized as revenue in the year collected. The fiscal year of Duchess County ends on December 31.

4-3
Property taxes are not necessarily recognized as revenue in the
year collected.
The fiscal year of Duchess County ends on December
31. Property taxes are due March 31 of the year they are
levied.
1. Prepare journal entries (excluding budgetary and closing
entries) to record the following property tax-related
transactions in which the county engaged in 2007 and
2008.

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