Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume a federal agency has the following events:

Assume a federal agency has the following events: 1. Receives a warrant from the Treasury...

80.2K

Verified Solution

Question

Accounting

image

Assume a federal agency has the following events: 1. Receives a warrant from the Treasury notifying the agency of appropriations of $4,550,000. 2. OMB apportions one-fourth of the appropriation for the first quarter of the year. 3. The director of the agency allots $1,054,000 to program units. 4. Program units place orders of $750,000. 5. Supplies ($124,500) and services ($519,500) are received during the first quarter. Supplies of $113,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Growth? Company's current share price is $ 19.85$19.85 and it is expected to pay a $ 1.25$1.25 dividend per...

Chemistry
1.2K views

How to explain the basic principles, instrument operation and the application of Microwave Induced Plasma -...

Medical Sciences
1.2K views

____ are steroid hormones which have masculinizing effects Mineralocorticoids Glucocorticoids Water- soluble hormones Adrenalins andgrogens All of the following are hormones of...

Physics
1.2K views

39 The surface energy of a drop is E If one thousand such drops coalesce...

Calculus
1.2K views

Differentiate y In In dx x 3 4 ex 2 x 3 4 ex 2

Calculus
1.2K views

Find the slope intercept form of the line satisfying the given conditi X 4 20...

Algebra
1.2K views

15m 30 m 20 m 8 10 b 30 m a What fraction of Greg...

Accounting
1.2K views

On December 31, Year 1, Precision Manufacturing Inc. (PMI) of Edmonton purchased 100% of the...

Accounting
1.2K views

Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date...

Finance
1.2K views

What is the purpose of a debt covenant? What types are there? Give one example...

Accounting
1.2K views

A manufacturing company prepays its insurance coverage for a three-year period. The premium for the...

Accounting
1.2K views

The annual financial statements of a company can be viewed as a collection of assertions...