Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the information below, calculate total intragovernmental assets for a Balance Sheet. ABC Agency Preclosing Trial Balance of Budgetary Accounts September 30, 20X9 Budgetary Accounts
Using the information below, calculate total intragovernmental assets for a Balance Sheet.
ABC Agency | ||
Preclosing Trial Balance of Budgetary Accounts | ||
September 30, 20X9 | ||
Budgetary Accounts | ||
Appropriations Realized | $37,500 | |
Total Actual Resources Collected | 23 | |
Unapportioned Authority | $ | |
Apportionments | 320 | |
AllotmentsRealized Resources | 75 | |
Commitments | 63 | |
Undelivered Orders-Unpaid | 1,581 | |
Undelivered Orders-Prepaid | 2,538 | |
Expended Appropriations | 32,925 | |
Expired Authority | 21 | |
$37,523 | $37,523 | |
Proprietary Accounts | ||
Fund Balance with Treasury-20X8 | $23 | |
Fund Balance with Treasury-20X9 | 3,013 | |
Advances to Others | 2,538 | |
Inventory for Agency Operations | 564 | |
Equipment | 4,500 | |
Accumulated DepreciationEquipment | $225 | |
Disbursements in Transit | 150 | |
Accounts Payable | 750 | |
Accrued Funded Payroll and Benefits | 75 | |
Accrued Unfunded Annual Leave | 275 | |
Unexpended Appropriations-20X8 | 20 | |
Unexpended Appropriations-20X9 | 4,575 | |
Cumulative Results of Operations | 39 | |
Appropriations Used | 32,925 | |
Future Funded Expenses | 11 | |
Operating/Program Expenses | 28,386 | |
$39,034 | $39,034 |
1 points
QUESTION 2
Using the information from Quesiton 1, fill in the numbers from the Net Position portion of a Balance Sheet. Do not use dollar signs, do use commas to separate thousands.
Unexpended Appropriations20X8
Unexpended Appropriations20X9
Cumulative Results of Operations
Total Net Position of ABC Agency
2 points
QUESTION 3
Using the information from Question 1, calculate the net change from a Statement of Changes in Net Position.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started