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Record the effect of the following transactions on the General Fund and governmental activities for...

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Accounting

  1. Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2023.

$2,242,000 of current taxes, $398,270 of delinquent taxes, $22,070 of interest and penalties, and $26,000 of accrued sales taxes were collected. The delinquent taxes and associated interest and penalties were collected more than 60 days after the prior year-end.

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