The trial balance of the Federal Antiquities Administration, as of August 31, 2020, follows: Required Prepare a
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Prepare a statement of budgetary resources for the 11 months ended August 31, 2020, assuming that goods on order at the end of the prior year amounted to $1,210,210.
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Debits Credits Budgetary Accounts Other Appropriations Realized-2020 Other Appropriations Realized–2019 $4,894,855 1,210,210 $ 600,000 Allotments-2020 Commitments-2020 150,000 Undelivered Orders-2020 664,131 Expended Authority-2020 Expended Authority–2019 Total Budgetary Accounts 3,480,724 1,210,210 $6,105,065 $6,105,065
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FEDERAL ANTIQUITIES ADMINISTRATION STATEMENT OF BUDGETARY RESOURCES FOR THE 11 MONTHS ENDED AUGUST 3...View the full answer
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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