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  3. assume the federal interstate commistion begen the

Assume the Federal Interstate Commistion begen the fiscal year with the following account balances: 1....

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Accounting

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Assume the Federal Interstate Commistion begen the fiscal year with the following account balances: 1. Congress passed a spending bill providing 516.300 .000 to fund the ogency's opecations for the yeer. 2. During the first quarter the commission processed the following hems for payment fall iems were pald by Treasury in the first quarter) 3. Unpaid wages at the end of the quarter totaled 528,000 . 4. In addition to the items paid in item 2, the commission received supplies of $15,000 and contrected services of $73.000 that are to be processed for payment in January. 5. Unused supples on hand totaled $220000 at December 31 . 6. Depreciotion for the quarter is $66.000. Requlred a. Prepare journal entries in the propiletary accounts for the cvents described above. b. Prepare a Statement of Changes in Net Position for the quarter ended December 31. (Assume the amount of appropriations used is $3,924,000 ) c. Prepare a Baiance Sheet as of December 31

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