The Following Selected Account Balances for the City of Hampton

The following selected account balances for the City of Hampton on January 1, 20X8 are listed below:
$\begin{array}{lrc}\text { Delinquent Taxes Receivable } & \$ 34,000 & \mathrm{Dr} . \\\text { Allowance for Uncollectible Delinquent Taxes } & 11,000 & \mathrm{Cr} \\\text { Tax Liens Receivable } & 12,000 & \mathrm{Dr} . \\\text { Allowance for Uncollectible Tax Liens } & 5,000 & \mathrm{Cr} .\end{array}$ Required:
Record the following transactions that occurred during 20X8:
a.
Current property taxes are levied at $750,000 with a 4% allowance for uncollectible property taxes.
b.
Property to which tax liens apply is sold for $6,000 and the account is closed.
c.
Current property taxes are collected in the amount of $702,000.
d.
Previous delinquent property taxes are converted to tax liens and the current uncollected property taxes are considered delinquent.