Question
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
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.
SAVE OUR RESOURCES COMMISSION | |||
Preclosing Trial Balance | |||
September 30, 2023 | |||
Proprietary accounts: | |||
Accounts Payable | $ | 140,000 | |
Accumulated DepreciationPlant and Equipment | 5,356,000 | ||
Appropriations Used | 4,506,000 | ||
Fund Balance with Treasury2023 | ? | ||
Operating Materials and Supplies | 69,000 | ||
Cumulative Results of Operations10/1/22 | 1,015,000 | ||
Operating/Program Expenses | 2,156,000 | ||
Depreciation and Amortization | 756,000 | ||
Plant and Equipment | 8,117,000 | ||
Unexpended Appropriations2023 | 416,000 | ||
Budgetary accounts: | |||
Other Appropriations Realized2023 | ? | ||
Expended Authority2023 | 4,500,000 | ||
Undelivered Orders2023 | 310,000 | ||
Allotments2023 | 106,000 | ||
Required
Complete the following preclosing Trial Balance.
Compute the net additions (or reductions) to assets other than Fund Balance with Treasury during fiscal year 2023.
Prepare journal entries to close the budgetary accounts as needed and to close the operating statement proprietary accounts.
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