Answered step by step
Verified Expert Solution
Question
1 Approved Answer
35 One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts
35 One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts of the Save Our Resources Commission of the federal government. This trial balance was prepared before budgetary accounts were adjusted, such as returning unused appropriations. The debits are not distinguished from the credits. SAVE OUR RESOURCES COMMISSION 01:47:50 Proprietary accounts: Accounts Payable Preclosing Trial Balance September 30, 2023 Accumulated Depreciation-Plant and Equipment Appropriations Used Fund Balance with Treasury-2023 Operating Materials and Supplies Cumulative Results of Operations-10/1/22 Operating/Program Expenses Depreciation and Amortization Plant and Equipment Unexpended Appropriations-2023 Budgetary accounts: Other Appropriations Realized-2023 Expended Authority-2023 Undelivered Orders-2023 Allotments-2823 Required a. Complete the following preciosing Trial Balance. $ 154,000 5,370,000 4,520,000 ? 83,000 1,029,000 2,170,000 770,000 8,131,000 430,000 ? 4,500,000 310,000 120,000 b. Compute the net additions (or reductions) to assets other than Fund Balance with Treasury during fiscal year 2023. c. Prepare journal entries to close the budgetary accounts as needed and to close the operating statement proprietary accounts. Complete this question by entering your answers in the tabs below. Required A Required B Required C Complete the following practas
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started