A city levies property taxes of $1,050,000 for its General Fund but believes that it will not be able to collect $50,000 of those taxes. What entry should it make when the taxes are levied? 22 Revenues--property taxes 50,000 23 Allowance for refunds and uncollectible taxes 50,000 Allowance for refunds and uncollectible taxes 50,000 24 Revenues--property taxes 50,000 Property taxes receivable 1,050,000 25 Allowance for refunds and uncollectible taxes 50,000 Revenues--property taxes 1,000,000 26 Property taxes receivable 1,000,000 Revenues--property taxes 1,000,000 27 Clear my selection 8