Assume a federal agency experiences the following events (Prepare The Following Journal Entry):

The agency receives a warrant from the Treasury notifying the agency of appropriations of $6,000,000.

The OMB apportions one-fourth of the appropriation for the first quarter of the year.

The director of the agency allots $1,400,000 to program units.

The program units place orders for $950,000.

Supplies ($500,000) and services ($420,000) are received.

The items in Part E above are paid for.

Supplies of $380,000 were used in the quarter.