74.The City of Timberline recorded its FY 2017 property tax levy in the General Fund.It was estimated that $60,000 would be uncollectible.When the tax levy is recorded,indicate whether each of the following accounts of the General Fund should be debited (D),credited (C),or is not affected (N).
_____ 1.Taxes Receivable Current
_____ 2.Deferred Inflow of Resources
_____ 3.Estimated Uncollectible Current Taxes
_____ 4.Revenues
_____ 5.Estimated revenues

Question

74.The City of Timberline recorded its FY 2017 property tax levy in the General Fund.It was estimated that $60,000 would be uncollectible.When the tax levy is recorded,indicate whether each of the following accounts of the General Fund should be debited (D),credited (C),or is not affected (N).
 _____ 1.Taxes Receivable Current
 _____ 2.Deferred Inflow of Resources
 _____ 3.Estimated Uncollectible Current Taxes
 _____ 4.Revenues
 _____ 5.Estimated revenues

Quizplus · Accepted Answer

The Answer of 74.The City of Timberline recorded its FY 2017 property tax levy in the General Fund.It was estimated that $60,000 would be uncollectible.When the tax levy is recorded,indicate whether each of the following accounts of the General Fund should be debited (D),credited (C),or is not affected (N).
 _____ 1.Taxes Receivable Current
 _____ 2.Deferred Inflow of Resources
 _____ 3.Estimated Uncollectible Current Taxes
 _____ 4.Revenues
 _____ 5.Estimated revenues

74The City of Timberline Recorded Its FY 2017 Property Tax