Federal Agency Financial Statements Using the data from Problem 112, prepare the following a In general journal form, entries to close the budgetary accounts as needed and to close the operating statement proprietary accounts b In good form, a balance sheet for the federal agency as of September 30, 2011 (Note Assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental)

Question: Federal Agency Financial Statements. Using the data from Problem 112, prepare the following: a. In general journal form, entries to close the budgetary accounts as

Federal Agency Financial Statements. Using the data from Problem 11—2, prepare the following:
a. In general journal form, entries to close the budgetary accounts as needed and to close the operating statement proprietary accounts.
b. In good form, a for the federal agency as of September 30, 2011. (Note: Assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental)

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