(Solved by Expert Tutors) Collections during 2012 $500,000 Expected collections during the first<

sixty days of 2013 100,000 Expected collections during the balance of 2013 60,000 Expected collections during January 2014 30,000 Estimated to be uncollectible 10,000 Total levy $700,000.
What amount should Oak City report for 2012 property tax revenues in the Statement of Revenues, Expenditures, and Changes in Fund Balances prepared for governmental funds?

 

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