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    Exam 16: Accounting for State and Local Governments
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    Property Taxes of 1,500,000 Are Levied for Miner County
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Property Taxes of 1,500,000 Are Levied for Miner County

Question 29

Question 29

Essay

Property taxes of 1,500,000 are levied for Miner County. The county expects that 5% will be uncollectible.
Required:
Prepare the required journal entry and identify the fund in which it is recorded.

Correct Answer:

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