Land use taxes were assessed in august 2004 , and they are levied (formally made due) in january 2005 .they are payable by february 20,2005. they are to be meet 2005 expenditures.ninety nine percent of the taxes are expected to be collected .
required
task 1. to recorded accrual of tax levy
task 2. to recorded gross income and un collectable account
task 3. to recorded collection of cash
task 4. to recorded tax becoming delinquent
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Land use taxes were assessed in august 2004 , and they are levied (formally made due) in january 2005 .they are payable by february 20,2005. they are to be meet 2005 expenditures.ninety nine percent of the taxes are expected to be collected .
required
task 1. to recorded accrual of tax levy
task 2. to recorded gross income and un collectable account
task 3. to recorded collection of cash
task 4. to recorded tax becoming delinquent
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