On July $1,2023,$ the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $$4,000,000.$

The county estimated that $2$ percent of the taxes levied would be uncollectible. As of April $30,2024,$ the due date for all

property taxes, the county had collected $$3,710,000$ in taxes. During the current fiscal year, the county collected

$$52,000$ in delinquent taxes and $$4,600$ in interest and penalties on the delinquent taxes. The county imposed

penalties and interest in the amount of $$14,300$ but only expects to collect $$12,700$ of that amount. At the end of the

fiscal year $($June $30,2024),$ uncollected taxes, interest, and penalties are reclassified. They are not expected to be

collected within the first $60$ days for the following fiscal year.

Required

Record entries for the above transactions as stated in the individual statements below, and post corresponding

information into the Revenues ledger as appropriate.

a$.$ Prepare journal entries to record the tax levy on July $1,2023,$ in the General Fund. $($Ignore all entries in the

governmental activities journal.$)$

b$.$ Prepare a summary journal entry to record the collection of current taxes as of April $30.$

c$.$ Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties. $($You may

assume that these amounts had been designated as Deferred Inflows of Resources.$)$

d$.$ Prepare the journal entry necessary to reclassify the uncollected tax amounts as delinquent. Assume these taxes are

not expected to be collected within $60$ days of year$-$end.

e$.$ Prepare the journal entry necessary to record interest and penalties if they are not expected to be collected soon

after year$-$end.

Complete this question by entering your answers in the tabs below.

Record the following journal entries in the General Fund. $($If no entry is required for a

transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$