The statement at the bottom of this page (with changed dates) was prepared for the Sewer User Fee Fund of Tucson, Arizona, a fund that “accounts for sewer user fees collected by the city and remitted to Pima County.”1. Prepare summary journal entries to record:a. The recognition of interestb. The receipt of interestc. Collection of $30,000 in sewer fees not previously recognized as receivablesd. Payments to other governments of $45,0002. Suppose $10,000 of the accounts receivable must be written off as uncollectible. Prepare an appropriate journal entry.View Solution:
The statement at the bottom of this page with changed



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *