Benton County includes an independent school district and two individually chartered towns within the County. Benton County$$s Treasurer assesses and collects property taxes on behalf of itself, the school district, and the towns. The County uses a tax collection custodial fund to record tax collections for the school district and towns. During the year ended December $31,2020,$ the following transactions took place:

$1.$ The County levied taxes as follows:

Benton County General Fund $ $25,200,000$

School District $12,700,000$

Towns $2,700,000$

Total $ $40,600,000$

$2.$ The property taxes levied in part $($a$)$ were collected.

$3.$ The amounts collected were paid to the school district and towns.

Required:

a$.$ Prepare journal entries for Benton County and the Benton County Independent School District$$identify the funds.