Question: various governments. Collection fees associated with the $150,000 were remitted to Kirby C For the Kirby County Tax Custodial Fund, prepare the journal entries to




various governments. Collection fees associated with the $150,000 were remitted to Kirby C For the Kirby County Tax Custodial Fund, prepare the journal entries to record the tax levy. remittances made to participating governments. Also prepare a table showing the distribut governments. (If no entry is required for a transaction/event, select "No Journal Entry Ees associated with the $150,000 were remitted to Kirby County's General Fund prior to yearend. Fund, prepare the journal entries to record the tax levy, taxes collected during the year, and the overnments. Also prepare a table showing the distribution of taxes and fees to participating d for a transaction/event, select "No Journal Entry Required" in the first account field.) Record the tax levies of the three governments, $60,000 was for the County of Kirby, $40,000 for Denton, and $100,000 for the School District. Record the $150,000 tax custodial fund collected. Record the 2% collection fee charged by the tax custodial fund in order to cover costs incurred for custodial fund operations. Record the $150,000 tax custodial fund remitted after deducting administrative fees. No Journal Entry Reguired Additions - Property Tax. Collections For Other Governments Cash Deductions Administrative fee \begin{tabular}{l|l|l|} General Journal \\ Cash \\ Deductions - Administrative Fee \\ Deductions -Payments Of Property Taxes To Other Governments \\ Due to Other Funds \\ Taxes Receivable for Other Funds and Governments-Current \end{tabular}
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