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Provide the journal entries for the following two events: Indicate debits as (Dr) and credits as (Cr) 1. Agency X receives an appropriation for $1,000,000.
Provide the journal entries for the following two events: Indicate debits as (Dr) and credits as (Cr) 1. Agency X receives an appropriation for $1,000,000. Treasury issues a warrant providing funds for agency use. 2. OMB apportions 1/4 of the appropriated funds for 1st quarter operations
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