The Federal Monuments Commission Began Operations on October 1,2017

question 54

Essay

The Federal Monuments Commission began operations on October 1,2017.Show in general journal form all entries that should be made in budgetary and proprietary accounts of the agency to record the following events:
1.The Congress passed,and the President signed,a one-year appropriation for fiscal year 2018 for the Monuments Commission in the amount of $30,000,000.
2.The OMB notified the agency of the following apportionments of the 2018 appropriation: first quarter,$8,000,000; second quarter,$8,000,000; third quarter,$7,000,000; and fourth quarter,$7,000,000.
3.The Commission Director allotted $1,500,000 for the operations of October 2017.
4.Commitments for goods and services not yet ordered or received were recorded in the amount of $1,300,000.
5.Purchase orders and contracts for services were recorded for the month of October 2017 in the amount of $1,250,000.

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Definitions:

Reprimand

A form of verbal or written criticism indicating disapproval of someone's behavior or work.

Anticipates

Refers to the act of looking forward to or expecting a specific event, outcome, or situation.

Perspective-Taking Skills

The ability to understand and consider the thoughts, feelings, or viewpoints of others.

Robert Selman

A researcher known for his work in the field of developmental psychology, particularly regarding the stages of social understanding in children.