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complete part A 9 journal entries journal entry 4 and 5 should have 3 entries youre gonna get a thumbs down for now following instructions

complete part A
9 journal entries
journal entry 4 and 5 should have 3 entries
youre gonna get a thumbs down for now following instructions image text in transcribed
image text in transcribed
Accounting for the acquisition and use of equipment The following transactions of the Bureau of Shipping Security (BOSS), a unit of the Department of National Security, occurred in fiscal year 2022. 1. BOSS received an appropriation of $3,000,000 for fiscal year 2022 . 2. OMB apportioned the entire amount of the appropriation. 3. The secretary of the department allotted $750,000 to provide for BOSS operations during the first quarter of the year. 4. The BOSS planning unit asked the purchasing department to buy a new piece of equipment (estimated cost- $190,000 ) capable of scanning shipping containers. 5. The BOSS purchasing department awarded a contract for $210,000 for the scanning equipment. The purchasing department said the additional cost over the estimate was caused by the need for research to meet the specifications. 6. BOSS received the equipment ordered in the previous transaction, with an invoice for $200,000. The supplier said it was passing along the savings resulting from a breakthrough on the research. 7. BOSS sent a disbursement schedule to the Treasury, requesting payment of the $200,000 invoice. 8. The Treasury notified BOSS that the invoice for $200,000 had been paid. 9. BOSS recorded 6 month' depreciation ($10,000) on the equipment. a) Prepare the budgetary journal entries needed to record the 2022 transactions. Enter accounts in order of magnitude (largest to smallest amounts), debits first. If no entry is necessary, select 'No debit (or credit) entry needed' in the account fields and enter 0 in the amount fields. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{2}{|l|}{ Account } & Debit & \multicolumn{2}{|l|}{ Credit } \\ \hline Unexpended appropriations - appropriations recelved & & 3,000,000 & & 0 \\ \hline & & 0 & 3,000,000 & 10 \\ \hline 1. To record receipt of appropriation authority. & & & & \\ \hline Delivered orders - obligations, paid & & 3,000,000 & & 0x \\ \hline General Property, Plant, and Equipment & & 0 & 3,000,000 & 0 \\ \hline 2. To record apportionment of monies by OMB & & & & \\ \hline Allotments - realized resources & & 750,000 & & 0x \\ \hline Other appropriations realized & & 0 & 750,000 & x \\ \hline 3. To record allotment of monies for first quarter. & & & & \\ \hline No debit entry needed & & 0 & 0 & x \\ \hline No credit entry needed & & 0 & 0 & x \\ \hline 4. To record purchase request for equipment. & & & & \\ \hline No debit entry needed & & 0 & 0 & x \\ \hline & & 0 & 0 & x \\ \hline No credit entry needed & & 0 & 0 & x \\ \hline 5. To obligate funds for purchase orders for equipment. & & x1 & & \\ \hline & & 0 & 0 & x \\ \hline & & 0 & 0 & x \\ \hline & = & 0 & & x \\ \hline 6a. To record acceptance of delivery & & & & \\ \hline & = & 0 & & x \\ \hline & & 0 & & x \\ \hline 6b. To record financing source of equinment. & & & & \\ \hline & * & 0 & & x \\ \hline & ; & 0 & & x \\ \hline 2. To record request to Treasury for payment. & & & & \\ \hline \end{tabular}

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