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Review the seven events associated with the receipt and use of an appropria- tion. Also review the U.S. Standard General Ledger. Update the T
Review the seven events associated with the receipt and use of an appropria- tion. Also review the U.S. Standard General Ledger. Update the "T" accounts on the following pages by showing the accounts im- pacted by each of the seven events listed below. Write the event dollar amounts in the appropriate Debit or Credit columns. The impact of the first event has been indicated for you as an example. Events 1. 2. 3. 4. 5. 6. 7. Receipt of Appropriation and Treasury Warrant for $500K Apportionment of $300K Allotment of $200K Commitment of $20K Obligation of $20K Receipt of Services of $20K Payment of $20K Proprietary Accounts SGL 1010 (Dr) Fund Balance with Treasury 1) $500K SGL 2110 (Cr) Accounts Payable SGL 5700 (Cr) Expended Approp SGL 1511 (Dr) Operating Materials and Supplies Held SGL 3101 (Cr) Unexpended Approp-Received 1) $500K SGL 6100 (Dr) Operating Expenses SGL 1750 (Dr) Equipment SGL 3107 (Dr) Unexpended Approp-Used
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