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Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency of appropriations of $4,400,000. OMB apportions one-fourth of
Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency of appropriations of $4,400,000. OMB apportions one-fourth of the appropriation for the first quarter of the year. The director of the agency allots $1,039,000 to program units. Program units place orders of $735,000. Supplies ($123,000) and services ($518,000) are received during the first quarter. Supplies of $111,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter
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