An agency of the federal government previously prepared a disbursement schedule, which it sends to Treasury to request payment of $98,000 for materials. The Treasury notifies the agency that payment has been made. Prepare the budgetary journal entry and proprietary journal entry that is necessary when the Treasury notifies the agency that the requested payment has been made.

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The Answer of An agency of the federal government previously prepared a disbursement schedule, which it sends to Treasury to request payment of $98,000 for materials. The Treasury notifies the agency that payment has been made. Prepare the budgetary journal entry and proprietary journal entry that is necessary when the Treasury notifies the agency that the requested payment has been made.

An Agency of the Federal Government Previously Prepared a Disbursement