PART II SHORT PROBLEMS (60 Points) For the Fiscal Year 2017, Twin City levied $500 million in property Taxes. It collected taxes applicable to the City as follows June 1, through September 30, 2017 $20 million October 1 through November 30, 2017 $460 million December 2017 The City recognizes that $10 million will not be collectible. 1. S 10 million 4. Required: Provide the Journal Entries to record the Estimated Property Taxes Receivable and the associated accounts. a. Provide the Journal Entries to record the Cash Receipts for property taxes from June to December, 2017. b. c. How much should Twin City report as Property Tax Revenue in its General Fund