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Year-end adjusting journal entries Prepare budgetary and proprietary journal entries to record the following year-end adjustments: Note: If a journal entry is not required, select
Year-end adjusting journal entries
Prepare budgetary and proprietary journal entries to record the following year-end adjustments:
Note: If a journal entry is not required, select No entry as your answers and leave the Debit and Credit answers blank (zero).
3. The agency discovered that a purchase order for $15,000 was inadvertently issued twice for the same thing. Therefore, one of the orders was cancelled.
Budgetary entry: Description Debit 15,000 0 Credit 0 15,000 Proprietary entry: Description . . Debit 15,000 0 Credit 0 15,000 f $25,000 on its equipm Accrued funded payroll Accumulated depreciation - equipment Allotments - realized resources Delivered orders - obligations, unpaid 4. Expended appropriations Future funded expenses Bu Program costs - depreciation Program costs - salaries Undelivered orders -obligations, unpaid Aq Unexpended appropriations - used Unfunded leave No entry Debit 25,000 Credit 0 25,000 0Step by Step Solution
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