Question: answer this instead please. discard first post was mistake Bluff County's schedule of changes in net pension liability and related ratios is shown below, (Deductions

 answer this instead please. discard first post was mistake Bluff County's
schedule of changes in net pension liability and related ratios is shown
answer this instead please. discard first post was mistake
below, (Deductions should be indicated by a minus sign. Do not round
intermediate calculations. Round percentage answers to 2 decimal places and other answers
to nearest whole dollar.) Required Compute the missing amounts. [The following information
applies to the questions displayed below.] The county collector of Sun County

Bluff County's schedule of changes in net pension liability and related ratios is shown below, (Deductions should be indicated by a minus sign. Do not round intermediate calculations. Round percentage answers to 2 decimal places and other answers to nearest whole dollar.) Required Compute the missing amounts. [The following information applies to the questions displayed below.] The county collector of Sun County is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. To reimburse the county for estimated administrative expenses of operating the tax custodial fund, the custodial fund deducts 5 percent from the collections for the town, the school district, and the other towns. The total amount deducted is added to the collections for the county and remitted to the Sun County General Fund. The following events occurred during the year: 1. Current-year tax levies to be collected by the custodial fund were 2. During the year, $13,810,000 of the current year's taxes was collected. 3. The 5 percent administrative collection fee was recorded. A schedule of amounts collected for each participant, showing the amount withheld for the county General Fund and net amounts due to the participants, is recommended for determining the amount to be recorded for this transaction. 4. All cash in the tax custodial fund was distributed. 5. Necessary closing entries were made at fiscal year-end. Journal entry worksheet B Record the levy of current-year tax. Note: Enter debits before credits. Journal entry worksheet Record the taxes collected. Note: Enter debits before credits. d. Which financial statements would be prepared by the tax custodial fund? The resources are held for less than three months. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? Statement of tax custodiai fund net position. ? Statement of changes in tax custodiai net position. ? Statement of activities. ? Statement of cash flows. 2 Combine with any other custodiat funds that Sun county has. Bluff County's schedule of changes in net pension liability and related ratios is shown below, (Deductions should be indicated by a minus sign. Do not round intermediate calculations. Round percentage answers to 2 decimal places and other answers to nearest whole dollar.) Required Compute the missing amounts. [The following information applies to the questions displayed below.] The county collector of Sun County is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. To reimburse the county for estimated administrative expenses of operating the tax custodial fund, the custodial fund deducts 5 percent from the collections for the town, the school district, and the other towns. The total amount deducted is added to the collections for the county and remitted to the Sun County General Fund. The following events occurred during the year: 1. Current-year tax levies to be collected by the custodial fund were 2. During the year, $13,810,000 of the current year's taxes was collected. 3. The 5 percent administrative collection fee was recorded. A schedule of amounts collected for each participant, showing the amount withheld for the county General Fund and net amounts due to the participants, is recommended for determining the amount to be recorded for this transaction. 4. All cash in the tax custodial fund was distributed. 5. Necessary closing entries were made at fiscal year-end. Journal entry worksheet B Record the levy of current-year tax. Note: Enter debits before credits. Journal entry worksheet Record the taxes collected. Note: Enter debits before credits. d. Which financial statements would be prepared by the tax custodial fund? The resources are held for less than three months. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? Statement of tax custodiai fund net position. ? Statement of changes in tax custodiai net position. ? Statement of activities. ? Statement of cash flows. 2 Combine with any other custodiat funds that Sun county has

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