Record for revenue and receivable

Reference no: EM13155020

The city of ocean oaks estimates that five percent of its property tax revenues are uncollectible. the city typically levies and collects all taxes within the year that the tax revenue is intended to benefit. For the fiscal year ended june 30 year 1, ocean oaks levied $2,000,000 in taxes. What would they record for revenue and receivable?

Reference no: EM13155020

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Record for revenue and receivable : For the fiscal year ended june 30 year 1, ocean oaks levied $2,000,000 in taxes. What would they record for revenue and receivable?

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