Question: Exercise 4 - 1 7 ( Static ) Part 6 The Town of Freeport collected $ 3 , 0 0 0 of prior - year

Exercise 4-17(Static) Part 6
The Town of Freeport collected $3,000 of prior-year property taxes six months after year-end. Which of the following would not be part of the entry to record collection of delinquent taxes in the General Fund?
Multiple Choice
A debit to Deferred Inflows of Resources-Unavailable Revenues for $3,000
A credit to Revenues for $3,000.
A debit to Taxes Receivable-Delinquent for $3,000.
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Exercise 4 - 1 7 ( Static ) Part 6 The Town of

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