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    Property Taxes of $1,800,000 Are Levied for Labrador County
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Property Taxes of $1,800,000 Are Levied for Labrador County

Question 40

Question 40

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Property taxes of $1,800,000 are levied for Labrador County. All except 6% of the taxes are expected to be collected within 60 days of year-end.Required:Prepare the required journal entry and identify the fund in which it is recorded.

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