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).

4. The agency recorded depreciation of $25,000 on its equipment.

Budgetary entry: Description Accumulated depreciation - equipment Undelivered orders - obligations, unpaid Debit 25,000 Credit 0 25,000 0 Proprietary entry: Description Program costs - depreciation Accumulated depreciation - equipment Debit 25,000 0 Credit 0 25,000 Accrued funded payroll Accumulated depreciation - equipment Allotments - realized resources Delivered orders - obligations, unpaid Expended appropriations Future funded expenses Program costs - depreciation Program costs - salaries Undelivered orders -obligations, unpaid Pr Unexpended appropriations - used Unfunded leave No entry Budgetary entry: Description Accumulated depreciation - equipment Undelivered orders - obligations, unpaid Debit 25,000 Credit 0 25,000 0 Proprietary entry: Description Program costs - depreciation Accumulated depreciation - equipment Debit 25,000 0 Credit 0 25,000 Accrued funded payroll Accumulated depreciation - equipment Allotments - realized resources Delivered orders - obligations, unpaid Expended appropriations Future funded expenses Program costs - depreciation Program costs - salaries Undelivered orders -obligations, unpaid Pr Unexpended appropriations - used Unfunded leave No entry