Question: The statement at the bottom of this page with changed

The statement at the bottom of this page (with changed dates) was prepared for the Sewer User Fee Fund of Tucson, Arizona, a fund that “accounts for sewer user fees collected by the city and remitted to Pima County.”
1. Prepare summary journal entries to record:
a. The recognition of interest
b. The receipt of interest
c. Collection of $30,000 in sewer fees not previously recognized as receivables
d. Payments to other governments of $45,000
2. Suppose $10,000 of the accounts receivable must be written off as uncollectible. Prepare an appropriate journal entry.

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  • CreatedAugust 13, 2014
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