... rights reserved Fund Accounting Problem 17- 1: Past-due tax bills of $17, 000 were charged off as uncollectible Allowance for Uncollectible Taxes 17, 000 Property Tax Receivable 17, 000 10 Checks in ... the purchases methods of accounting for inventories (and other prepaid items) Copyright © 2015 John Wiley & Sons, Inc All rights reserved Fund Accounting Fund Accounting Accounting for nonbusiness ... All rights reserved Fund Accounting Exercise 17- 3: A budget consisting of estimated revenues of $1,950,000 and appropriations for expenditures of $1,800,000 was passed by the town council Estimated...