Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
** PLEASE HELP WITH 10a, 10b, 10c please see questions 1-9 that are already answered as guidance to answer questions 10. 3. The Flood Control
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0a17163_145669bfe096d8e6.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0ae5c39_146669bfe0a502e7.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0bc448b_147669bfe0b2d196.jpg)
** PLEASE HELP WITH 10a, 10b, 10c
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0c9776f_148669bfe0c0ecc4.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0d6bebd_148669bfe0cd983b.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0a17163_145669bfe096d8e6.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0ae5c39_146669bfe0a502e7.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0bc448b_147669bfe0b2d196.jpg)
** PLEASE HELP WITH 10a, 10b, 10c
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0c9776f_148669bfe0c0ecc4.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0d6bebd_148669bfe0cd983b.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669bfe0da43ff_149669bfe0d9e9fd.jpg)
please see questions 1-9 that are already answered as guidance to answer questions 10.
3. The Flood Control Commissioner allotted $1,120,000 for the first month's operations. \begin{tabular}{|c|l|l|c|c|} \hline 3 & Budgetary & Apportionments-2023 & 1,120,000 & \\ \hline & & Allotments-2023 & & \\ \hline \multicolumn{2}{|c|}{} & & & \\ \hline \multicolumn{2}{|c|}{ bligations were recorded for salaries and fringe benefits, \$412,000; furniture and equipment, \$282,000; materials and supplies, \$262,000; } \\ rent and utilities, \$62,000. The Commission does not record commitments prior to recording obligations. & \\ \hline 4 & Budgetary & Allotments-2023 & 1,018,000 & \\ \hline & & Undelivered Orders-2023 & & 1,018,000 \\ \hline & & & & \\ \hline \end{tabular} 5. Payroll for the first two weeks in the amount of $182,000 was paid. 4. Obligations were recorded for salaries and fringe benefits, $412,000; furniture and equipment, $282,000; materials and supplies, $262,000; and rent and utilities, $62,000. The Commission does not record commitments prior to recording obligations. \begin{tabular}{|c|l|l|l|r|r|} \hline 4 & Budgetary & Allotments-2023 & 1,018,000 & & \\ \hline & & Undelivered Orders-2023 & 1,018,000 \\ \hline & & & & \\ \hline \multicolumn{2}{|c|}{} & & & \\ \hline \end{tabular} 7. A liability was recorded for the payroll for the second two weeks, $172,000, and for the employer's share of FICA taxes for the four weeks, $35,000. (Note: Credit to Accrued Funded Payroll and Benefits.) 8. Accounts payable totaling $213,000 were paid, and this included liabilities for materials and supplies, $161,000, and rent, $52,000. Accrued Funded Payroll and Benefits in the amount of $195,000 were paid. 9. Accruals recorded at month-end were salaries, $42,000, and utilities, $22,000. Materials and supplies costing $72,000 were used during the month. Depreciation of $8,500 was recorded on furniture and equipment for the month. \begin{tabular}{|l|l|l|l|} \hline 9a & Budgetary & Record the accruals at the month-end for various expenses as per budgetary accounting. \\ \hline & & Undelivered Orders-2023 & 64,000 \\ \hline & & Expended Authority-2023 & \\ \hline & & 64,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|c|}{ FLOOD CONTROL COMMISSION } \\ \multicolumn{1}{|c|}{ Balance Sheet } \\ \hline As of October 31, 2023 & \\ \hline Assets & \\ \hline Intragovernmental: & \\ \hline Governmental: & & \\ \hline & Liabilities & \\ \hline Total Assets & \\ \hline & \\ \hline Total Net Position & & \\ \hline Total Liabilities and Net Position & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ FLOOD CONTROL COMMISSION } \\ \hline \multicolumn{1}{|c|}{ Statement of Changes in Net Position } \\ \hline \multicolumn{1}{|c|}{ For the Month Ended October 31, 2023 } \\ \hline & CumulativeResultsofOperations & UnexpendedAppropriations \\ \hline Beginning Balances & & \\ \hline Budgetary Financing Sources: & & \\ \hline \multicolumn{1}{|c|}{ Appropriations Received } & & \\ \hline \multicolumn{1}{|c|}{ Appropriations Used } & & \\ \hline Total Financing Sources & & $ \\ \hline Net Cost of Operations & & \\ \hline Ending Balances & $ & 0 \\ \hline \end{tabular} 3. The Flood Control Commissioner allotted $1,120,000 for the first month's operations. \begin{tabular}{|c|l|l|c|c|} \hline 3 & Budgetary & Apportionments-2023 & 1,120,000 & \\ \hline & & Allotments-2023 & & \\ \hline \multicolumn{2}{|c|}{} & & & \\ \hline \multicolumn{2}{|c|}{ bligations were recorded for salaries and fringe benefits, \$412,000; furniture and equipment, \$282,000; materials and supplies, \$262,000; } \\ rent and utilities, \$62,000. The Commission does not record commitments prior to recording obligations. & \\ \hline 4 & Budgetary & Allotments-2023 & 1,018,000 & \\ \hline & & Undelivered Orders-2023 & & 1,018,000 \\ \hline & & & & \\ \hline \end{tabular} 5. Payroll for the first two weeks in the amount of $182,000 was paid. 4. Obligations were recorded for salaries and fringe benefits, $412,000; furniture and equipment, $282,000; materials and supplies, $262,000; and rent and utilities, $62,000. The Commission does not record commitments prior to recording obligations. \begin{tabular}{|c|l|l|l|r|r|} \hline 4 & Budgetary & Allotments-2023 & 1,018,000 & & \\ \hline & & Undelivered Orders-2023 & 1,018,000 \\ \hline & & & & \\ \hline \multicolumn{2}{|c|}{} & & & \\ \hline \end{tabular} 7. A liability was recorded for the payroll for the second two weeks, $172,000, and for the employer's share of FICA taxes for the four weeks, $35,000. (Note: Credit to Accrued Funded Payroll and Benefits.) 8. Accounts payable totaling $213,000 were paid, and this included liabilities for materials and supplies, $161,000, and rent, $52,000. Accrued Funded Payroll and Benefits in the amount of $195,000 were paid. 9. Accruals recorded at month-end were salaries, $42,000, and utilities, $22,000. Materials and supplies costing $72,000 were used during the month. Depreciation of $8,500 was recorded on furniture and equipment for the month. \begin{tabular}{|l|l|l|l|} \hline 9a & Budgetary & Record the accruals at the month-end for various expenses as per budgetary accounting. \\ \hline & & Undelivered Orders-2023 & 64,000 \\ \hline & & Expended Authority-2023 & \\ \hline & & 64,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|c|}{ FLOOD CONTROL COMMISSION } \\ \multicolumn{1}{|c|}{ Balance Sheet } \\ \hline As of October 31, 2023 & \\ \hline Assets & \\ \hline Intragovernmental: & \\ \hline Governmental: & & \\ \hline & Liabilities & \\ \hline Total Assets & \\ \hline & \\ \hline Total Net Position & & \\ \hline Total Liabilities and Net Position & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ FLOOD CONTROL COMMISSION } \\ \hline \multicolumn{1}{|c|}{ Statement of Changes in Net Position } \\ \hline \multicolumn{1}{|c|}{ For the Month Ended October 31, 2023 } \\ \hline & CumulativeResultsofOperations & UnexpendedAppropriations \\ \hline Beginning Balances & & \\ \hline Budgetary Financing Sources: & & \\ \hline \multicolumn{1}{|c|}{ Appropriations Received } & & \\ \hline \multicolumn{1}{|c|}{ Appropriations Used } & & \\ \hline Total Financing Sources & & $ \\ \hline Net Cost of Operations & & \\ \hline Ending Balances & $ & 0 \\ \hline \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started