Assume a federal agency has the following events:
1. Receives a warrant from the Treasury notifying the agency of appropriations of $21,000,000.
2. OMB apportions 1/4^th of the appropriation for the first quarter of the year.
3. The Director of the agency allots $ 4,850,000 to program units.
4. Program units place orders $ 4,800,000.
5. Supplies $ 510,000) and services $ 3,991,000) are received and paid during the first quarter. Supplies of $ 492,000 were used in the quarter.
Required: Prepare any necessary journal entries to reflect the events described above. Identify whether the entry is budgetary or proprietary.

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The Answer of Assume a federal agency has the following events: 1. Receives a warrant from the Treasury notifying the agency of appropriations of $21,000,000. 2. OMB apportions 1/4^th of the appropriation for the first quarter of the year. 3. The Director of the agency allots $ 4,850,000 to program units. 4. Program units place orders $ 4,800,000. 5. Supplies $ 510,000) and services $ 3,991,000) are received and paid during the first quarter. Supplies of $ 492,000 were used in the quarter. Required: Prepare any necessary journal entries to reflect the events described above. Identify whether the entry is budgetary or proprietary.

Assume a Federal Agency Has the Following Events