Prepare entries to record the following transactions and events related to Colfax County's tax revenues for the year beginning January 1, 2019:
a. To raise property tax revenue of $800,000, the County bills its property owners a total of $802,000, providing $2,000 for uncollectible and refundable taxes.
b. During the year, taxpayers pay a total of $750,000 in property taxes.
c. E. Bloodworth declares bankruptcy, owing the County $2,000 in property taxes. The County writes off the unpaid amount as uncollectible.
d. At year-end, the County declares all unpaid property taxes to be delinquent.
e. To prepare financial statements for the year, the County comptroller estimates that Colfax will receive $20,000 in delinquent 2019 property taxes before the end of February, 2020. The other delinquent taxes will trickle in later in 2020.

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The Answer of Prepare entries to record the following transactions and events related to Colfax County's tax revenues for the year beginning January 1, 2019:
a. To raise property tax revenue of $800,000, the County bills its property owners a total of $802,000, providing $2,000 for uncollectible and refundable taxes.
b. During the year, taxpayers pay a total of $750,000 in property taxes.
c. E. Bloodworth declares bankruptcy, owing the County $2,000 in property taxes. The County writes off the unpaid amount as uncollectible.
d. At year-end, the County declares all unpaid property taxes to be delinquent.
e. To prepare financial statements for the year, the County comptroller estimates that Colfax will receive $20,000 in delinquent 2019 property taxes before the end of February, 2020. The other delinquent taxes will trickle in later in 2020.

Prepare Entries to Record the Following Transactions and Events Related