Assume a Federal Agency Has the Following Events

question 15

Essay

Assume a federal agency has the following events:
1. Receives a warrant from the Treasury notifying the agency of appropriations of $12,000,000.
2. OMB apportions 1/4^th of the appropriation for the first quarter of the year.
3. The Director of the agency allots $ 2,850,000 to program units.
4. Program units place orders $ 2,790,000.
5. Supplies $ 490,000) and services $ 2,291,000) are received and paid during the first quarter. Supplies of $ 417,000 were used in the quarter.
Required: Prepare any necessary journal entries to reflect the events described above. Identify whether the entry is budgetary or proprietary.

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Definitions:

Self-Protective Dimensions

Refers to behaviors or strategies employed by individuals or groups to defend their self-esteem, status, or interests in response to real or perceived threats.

Canada And The United States

Two neighboring countries in North America known for their shared values, strong economic ties, and collaboration on various international issues.

GLOBE Project

A cross-cultural research project designed to understand and conceptualize the relationships between societal culture, organizational culture, and organizational leadership.

Charismatic/Value-Based

Leadership styles that rely on the personal appeal and inspirational qualities of the leader, often tied to the promotion of a set of core values.