Final answer:
The Stoddard County tax agency fund should Credit Due to Other Funds and Governments when it levies taxes for different funds and independent governments within the county.
Step-by-step explanation:
When Stoddard County levies taxes for certain of its funds, as well as for several independent governments located within the county, its tax agency fund should Credit Due to Other Funds and Governments. This entry reflects the liability the county has to pass on the taxes collected to the intended funds and governments.
The option A, Credit Revenues—Property Taxes, is not correct because these funds are not considered revenue for the tax agency fund; they are simply held in trust until disbursement. Option B, Credit Estimated Uncollectible Current Taxes, is also not correct because this would record the estimate of taxes that are not expected to be collected, not the taxes that are due to other entities. The correct answer is solely represented by option C, without the need to involve option A or B.