question archive Delinquent taxes receivable in the amount of $17,150 were written off as uncollectible
Delinquent taxes receivable in the amount of $17,150 were written off as uncollectible
Subject:AccountingPrice:2.87 Bought7
Delinquent taxes receivable in the amount of $17,150 were written off as uncollectible. interest and penalties already recorded as receivable on these taxes, amounting to $3,087, were also written off. Additional interest on these taxes that had legally accrued was not recorded since it was deemed uncollectible in its entirety. Record this transaction in the General Fund and governmental activities journals.
