Question: 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

 Benton County Includes an independent school district and two Individually charteredtowns within the County. Benton County's Treasurer assesses and collects property taxeson behalf of itself, the school district, and the towns. The Countyuses a tax collection custodial fund to record tax collections for theschool district and towns. During the year ended December 31, 2020, thefollowing transactions took place: 1. The County levled taxes as follows: BentonCounty General Fund School District Towns Total $ 26,900,00 13,500,000 3.500, see$43,800, eee 2. The property taxes levied In part (a) were collected.3. The amounts collected were paid to the school district and towns.

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 levled taxes as follows: Benton County General Fund School District Towns Total $ 26,900,00 13,500,000 3.500, see $43,800, eee 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. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record taxes receivable for other governments. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record tax received for other governments. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record entry for taxes payable due to specific government units. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal (Required A1 Required A2 > Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Required A1 Required AZ Required A3 Record the transactions in the books of the Benton County General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 12 Record current property tax receivables. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record current tax received in cash. Note: Enter debits before credits Events General Journal Debit Credit Record entry Clear entry View general journal Required A1 Required A3 > Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Independent School District General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the current property tax receivables. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal Required A2 Required A3 > Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Independent School District General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record entry for cash collection of tax. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal 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 levled taxes as follows: Benton County General Fund School District Towns Total $ 26,900,00 13,500,000 3.500, see $43,800, eee 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. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record taxes receivable for other governments. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record tax received for other governments. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record entry for taxes payable due to specific government units. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal (Required A1 Required A2 > Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Tax Agency Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Required A1 Required AZ Required A3 Record the transactions in the books of the Benton County General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 12 Record current property tax receivables. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record current tax received in cash. Note: Enter debits before credits Events General Journal Debit Credit Record entry Clear entry View general journal Required A1 Required A3 > Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Independent School District General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the current property tax receivables. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal Required A2 Required A3 > Required A1 Required A2 Required A3 Record the transactions in the books of the Benton County Independent School District General Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record entry for cash collection of tax. Note: Enter debits before credits. Events General Journal Debit Credit Record entry Clear entry View general journal

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