Check my work One amount is missing in the following trial balance of proprietary accounts, and...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664fe8e7e9ece_999664fe8e7874d7.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664fe8e88b07c_000664fe8e82c8f8.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664fe8e8e949c_000664fe8e8c3a48.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664fe8e9860db_001664fe8e9274f1.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664fe8ea206e0_001664fe8e9b4072.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664fe8eac994e_002664fe8ea5421e.jpg)
Transcribed Image Text:
Check my work 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 Proprietary accounts: Accounts Payable SAVE OUR RESOURCES COMMISSION 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-2023 $142,000 5,358,000 4,508,000 7 71,000 1,017,000 2,158,000 758,000 8,119,000 418,000 4,508,000 318,000 108,000 In completing the assignment, assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental Also, assume that Other Appropriations Realized-2022 were zero, In completing the assignment, assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental Also, assume that Other Appropriations Realized-2022 were zero. Required a. Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2023. b. Prepare the Statement of Changes in Net Position of the Save Our Resources Commission for 2023 c. Prepare the Balance Sheet of the Save Our Resources Commission for 2023. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2023. SAVE OUR RESOURCES COMMISSION Statement of Budgetary Resources For the Year Ended September 30, 2023 Rudnatan Decoreer Check Required A Required B Required C Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2023. SAVE OUR RESOURCES COMMISSION Statement of Budgetary Resources For the Year Ended September 30, 2023 Budgetary Resources: Budgetary Authority Status of Budgetary Resources: New Obligations & Upward Adjustments Total Status of Budgetary Resources Required A Required B > Required A Required B Required C Prepare the Statement of Changes in Net Position of the Save Our Resources Commission for 2023, (Amounts to be deducted should be indicated with a minus sign.) SAVE OUR RESOURCES COMMISSION Statement of Changes in Net Position For the Year Ended September 30, 2023 Cumulative Results of Operations Beginning Balance Prior Period Adjustments Beginning Balance, Adjusted Budgetary Funding Sources: Appropriations Received Appropriations Used Other Financing Sources Total Financing Sources Net Cost of Operations Ending Balances 0 Unexpended Appropriations $ 0 S 0 A c. Prepare the Balance Sheet of the Save Our Resources Commission for 2023. Complete this question by entering your answers in the tabs below. REC Required A Required B Required C Prepare the Balance Sheet of the Save Our Resources Commission for 2023. SAVE OUR RESOURCES COMMISSION Intragovernmental Governmental: Balance Sheet As of September 30, 2023 Assets SAVE OUR RESOURCES COMMISSION Balance Sheet As of September 30, 2023 Assets Intragovernmental: Governmental: Total Assets $ 0 Liabilities Net Position Total Net Position 0 Total Liabilities and Net Position $ 0 Check my work 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 Proprietary accounts: Accounts Payable SAVE OUR RESOURCES COMMISSION 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-2023 $142,000 5,358,000 4,508,000 7 71,000 1,017,000 2,158,000 758,000 8,119,000 418,000 4,508,000 318,000 108,000 In completing the assignment, assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental Also, assume that Other Appropriations Realized-2022 were zero, In completing the assignment, assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental Also, assume that Other Appropriations Realized-2022 were zero. Required a. Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2023. b. Prepare the Statement of Changes in Net Position of the Save Our Resources Commission for 2023 c. Prepare the Balance Sheet of the Save Our Resources Commission for 2023. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2023. SAVE OUR RESOURCES COMMISSION Statement of Budgetary Resources For the Year Ended September 30, 2023 Rudnatan Decoreer Check Required A Required B Required C Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2023. SAVE OUR RESOURCES COMMISSION Statement of Budgetary Resources For the Year Ended September 30, 2023 Budgetary Resources: Budgetary Authority Status of Budgetary Resources: New Obligations & Upward Adjustments Total Status of Budgetary Resources Required A Required B > Required A Required B Required C Prepare the Statement of Changes in Net Position of the Save Our Resources Commission for 2023, (Amounts to be deducted should be indicated with a minus sign.) SAVE OUR RESOURCES COMMISSION Statement of Changes in Net Position For the Year Ended September 30, 2023 Cumulative Results of Operations Beginning Balance Prior Period Adjustments Beginning Balance, Adjusted Budgetary Funding Sources: Appropriations Received Appropriations Used Other Financing Sources Total Financing Sources Net Cost of Operations Ending Balances 0 Unexpended Appropriations $ 0 S 0 A c. Prepare the Balance Sheet of the Save Our Resources Commission for 2023. Complete this question by entering your answers in the tabs below. REC Required A Required B Required C Prepare the Balance Sheet of the Save Our Resources Commission for 2023. SAVE OUR RESOURCES COMMISSION Intragovernmental Governmental: Balance Sheet As of September 30, 2023 Assets SAVE OUR RESOURCES COMMISSION Balance Sheet As of September 30, 2023 Assets Intragovernmental: Governmental: Total Assets $ 0 Liabilities Net Position Total Net Position 0 Total Liabilities and Net Position $ 0
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Compute the indicated quantities for the given homomorphism. Ker () for : S 3 Z 2 in Example 13.3 Data from Example 13.3 Let S n be the symmetric group on n letters, and let : S n Z 2 be defined by...
-
Estimate the convexity for each of the following three bonds, all of which trade at yield to maturity of 8 percent and have face values of $1,000. A 7-year, zero-coupon bond. A 7-year, 10 percent...
-
Select the best answer for each of the following independent multiple-choice questions. a. Adams Companys production cycle starts in Department A. The following information is available for July:...
-
For Further Research (Individual) All businessesbig and smallneed to plan if they want to be profitable and sustainable. Contact one of your favorite local businesses and make an appointment with...
-
Two Differences, 2 Years, Compute Taxable Income and Pretax Financial Income) The following information was disclosed during the audit of Elbert Inc. 2. On January 1, 2010, equipment costing $600,000...
-
With the changing role of human resources, discuss the impact of HR metrics in a global business environment.
-
One particle performs random walks on the figure shown above (at each step, it moves from its current vertex to a different vertex by choosing one of its neighboring vertices uniformly at random)....
-
I want to be a Chief Of The Administrative Section at the Sheriff's Department or The Public Safety Building because I have an associate degree in Criminal Justice and Public Safety. Discuss two ways...
-
Explain how organizations in healthcare architect organizational structure, measure quality and quantity standards, manage power, and measure the success of security standards. Please cite references.
-
7. The graph below shows the current-versus-potential-difference relationship for a resistor. What is the resistance of the resistor? I(A) 5.0- 2.5- AV (V) a. 5.0 2 b. 2.02 8. The electric field in a...
-
The Spotless Automobile Corporation is contemplating the acquisition of an automatic car wash. The following information is relevant: The cost of the car wash is $160,000 The anticipated revenue from...
-
Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$20 par value, 100,000 shares authorized, 45,000 shares issued and...
-
As stated above, there were 99 jobs completed in 10 days. The replenishment lead time is 6 days. The standard deviation of demand is 2.8 jobs per day The company wants a service level = 85% , so z=...
-
Test your confidence in the following Project Decisions: SI. # Question 01 02 03 04 05 06 07 08 09 10 How many years did it take to construct the largest Egyptian Pyramid- Pyramid of Cheops? When was...
-
How do responsibility centers interact? (LO 5)
-
What is a soft number in accounting? (LO 5)
-
What are the four bases for setting a transfer price? (LO 6)
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App