Ledford County levied property taxes of $10,000,000, 2% of which is expected to be uncollectible. Prior to this new levy, the county still had $350,000 of uncollected taxes from previous years.

How much should be reported as Taxes Receivable after the new levy has been recorded?

(Hint: You mayhave more than one category of Taxes Receivable.)

a.$ 9,800,000

b.$10,000,000

c.$10,150,000

d.$10,350,000

e. None of the above.

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.