Assume a federal agency has $ 150,000 of unobligated budgetary authority at the end of the fiscal year that must be returned to Treasury.The journal entries at the agency level to record this event will include:

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A credit to the account Appropriations withdrawn indicates that the unobligated budgetary authority is being returned to Treasury. A credit to the account Fund Balance with Treasury indicates that the agency's fund balance with Treasury is decreasing as a result of the return of the unobligated budgetary authority. Therefore, both (a) and (b) are needed to properly record the event.

Assume a Federal Agency Has $ 150,000 of Unobligated Budgetary