The Bureau of Nutrition Standards is a unit of the Health Department, is responsible for establishing...
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The Bureau of Nutrition Standards is a unit of the Health Department, is responsible for establishing standards for the quality and nutritional content of packaged food products. Prepare budgetary and proprietary entries to record the following transactions for the month of October, 2020. The Bureau of Nutrition Standards received an appropriation in the amount of $100,000. b. The Office of Management and Budget apportioned the entire appropriation. The Health Department made the first quarter's allotment of S25,000 to the Bureau of Nutrition Standards. d. Bureau of Nutrition placed a purchase order for S14,000 for testing supplies. (Bureau of Nutrition does not use commitment accounting.) All the supplies arrived in good order. The vendor submitted an invoice for $15,000 because additional supplies were ahipped. (The purchase order permitted a 10 percent delivery overrun.) The invoice was accepted by Bureau of Nutrition, and the supplies were placed in inventory f. Bureau of Nutrition sent a disbursement schedule to Treasury, requestıng payment of the $15,000 invoOsce g. Treasury notified BNS that the $15,000 invoice was paid. h Bureau of Nutrition used $6,000 of the supplies acquired in transaction e. (Bureau of Nutrition charges all expenses to the account "Inspection program costs. ") Bureau of Nutrition sent a disbursement schedule to Treasury, requesting salary checks in the amount of $10,000. Treasury sent salary checks to BNS in the amount of S10,000 for payment to Bureau of Nutrition employees. a. C. e. The Bureau of Nutrition Standards is a unit of the Health Department, is responsible for establishing standards for the quality and nutritional content of packaged food products. Prepare budgetary and proprietary entries to record the following transactions for the month of October, 2020. The Bureau of Nutrition Standards received an appropriation in the amount of $100,000. b. The Office of Management and Budget apportioned the entire appropriation. The Health Department made the first quarter's allotment of S25,000 to the Bureau of Nutrition Standards. d. Bureau of Nutrition placed a purchase order for S14,000 for testing supplies. (Bureau of Nutrition does not use commitment accounting.) All the supplies arrived in good order. The vendor submitted an invoice for $15,000 because additional supplies were ahipped. (The purchase order permitted a 10 percent delivery overrun.) The invoice was accepted by Bureau of Nutrition, and the supplies were placed in inventory f. Bureau of Nutrition sent a disbursement schedule to Treasury, requestıng payment of the $15,000 invoOsce g. Treasury notified BNS that the $15,000 invoice was paid. h Bureau of Nutrition used $6,000 of the supplies acquired in transaction e. (Bureau of Nutrition charges all expenses to the account "Inspection program costs. ") Bureau of Nutrition sent a disbursement schedule to Treasury, requesting salary checks in the amount of $10,000. Treasury sent salary checks to BNS in the amount of S10,000 for payment to Bureau of Nutrition employees. a. C. e.
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Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
Posted Date:
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