Using the information from Problem 19-4, prepare the three financial statements illustrated in the chapter for federal
Question:
Using the information from Problem 19-4, prepare the three financial statements illustrated in the chapter for federal agencies:
(a) Balance sheet
(b) Statement of net cost
(c) Statement of changes in net position
Data from Problem 19-4
Following is the September 30, 20X8 trial balance for ABC Agency:
Transcribed Image Text:
ABC Agency Postclosing Trial Balance September 30 of Fiscal Year 20X8 (Amounts in thousands of dollars) Budgetary Accounts: Total Actual Resources Collected Undelivered Orders-Paid Expended Appropriations-Unpaid Expired Authority Proprietary Accounts: Fund Balance with Treasury-20X8. Advances to Others Inventory for Agency Operations. Equipment Accumulated Depreciation on Equipment Disbursements in Transit Accounts Payable ... Accrued Funded Payroll and Benefits Accrued Unfunded Annual Leave Unexpended Appropriations-20X8 Cumulative Results of Operations. ** +****14 $183 $183 $168 15 75 300 $558 $15 165 3 $183 $135 30 60 75 210 18 30 $558
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Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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