Question: Using the information from Exercise 14-6, prepare a schedule showing the status of the appropriation at the end of the first quarter. In Exercise 14-6,

Using the information from Exercise 14-6, prepare a schedule showing the status of the appropriation at the end of the first quarter.

In Exercise 14-6,

1. Receives a warrant from the Treasury notifying the agency of appropriations of $3,600,000.

2. OMB apportions one-fourth of the appropriation for the first quarter of the year.

3. The director of the agency allots $850,000 to program units.

4. Program units place orders of $600,000.

5. Supplies ($100,000) and services ($420,000) are received during the first quarter. Supplies of $90,000 were used in the quarter. Accounts payable were paid in full.

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