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6. Invoices approved for payment totaled $395,000; of the total, S180,000 was for furniture and equipment, $175,000 for materials and supplies and $40,000 for rent.
6. Invoices approved for payment totaled $395,000; of the total, S180,000 was for furniture and equipment, $175,000 for materials and supplies and $40,000 for rent. 6a BudgetaryRecord the invoices approved for payment as per budgetary accounting Proprietary Record the invoices approved for payment as per proprietary accounting. 6c Record the appropriation used towards invoces approved for payment as per proprietary accounting 7. A liability was recorded for the payroll for the second two weeks, S160,000, and for the employer's share of FICA taxes for the four weeks $23,000. (Note: Credit to Accrued Funded Payroll and Benefits.) 7a Budgetary Record the liabilities for payroll as per budgetary accounting 7b Proprietary Record the liabilities for payroll as per proprietary accounting Record the appropriation used towards payroll and benefits as per proprietary accounting. 8. Accounts payable totaling $189,000 were paid, which included liabilities for materials and supplies, $149,000, and rent, S40,000. Accrued Funded Payroll and Benefits in the amount of $183,000 were paid 8a Proprietary Record the payment of accounts payables as per proprietary accounting Record the transfer of fund balance in treasury for payment of accounts payables as per proprietary accounting Budgetary Record heaupmetng Budgetary Record the accruals at the month-end for various expenses as per budgetary accounting. were salaries, $30,000, and utilities, $10,000 nas and supplies costing S60 000 were used during the month. Depreciation of $2,500 was recorded on furniture and equipment for the month. 9a
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