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Ledford county levied property taxes of 10000000 2 of which

1. 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?

a. $ 9,800,000
b. $10,000,000
c. $10,150,000
d. $10,350,000
e. None of the above.

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Accounting Basics: Ledford county levied property taxes of 10000000 2 of which

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