Assignment 29921

The following transactions of the Bureau of Shipping Security (BOSS), a unit of the Department of national Security, occurred in fiscal year 2022.
1. BOSS received an appropriation of $3,000,000 for fiscal year 2022 2. OMB apportioned the entire amount of the appropriation.3. The secretary of the department allotted $750,000 to provide for BOSS operations during the first quarter of the year 4. The BOSS planning unit asked the purchasing department to buy a new piece of equipment
(estimated cost— $190,000) capable of scanning shipping containers. 5. The BOSS purchasing department awarded a contract for $210,000 for the scanning equipment. The purchasing department said the additional cost over the estimate was caused by the need for research to meet the specifications. 6. BOSS received the equipment ordered in the previous transaction, with an invoice for $200,000. The supplier said it was passing along the savings resulting from a breakthrough on the research. 7. BOSS sent a disbursement schedule to the Treasury, requesting payment of the $200,000 invoice 8. The Treasury notified BOSS that the invoice for $200,000 had been paid. 9. BOSS recorded 6 months’ depreciation ( $10,000) on the equipmenta) Prepare the budgetary journal entries needed to record the 2022 transactions.Enter accounts in order of magnitude (largest to smallest amounts), debits first.If no entry is necessary, select ‘No debit (or credit) entry needed’ in the account fields andenter 0 in the amount fields.
AccountDebitCreditAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer1. To record receipt of appropriation authority.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer2. To record apportionment of monies by OMB.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer3. To record allotment of monies for first quarter.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer4. To record purchase request for equipment.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer5. To obligate funds for purchase orders for equipment.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer6a. To record acceptance of delivery.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer6b. To record financing source of equipment.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer7. To record request to Treasury for payment.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer8. To record confirmed payment by Treasury.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer9. To record depreciation of equipmentb) Prepare the proprietary journal entries needed to record the 2022 transactions.Enter accounts in order of magnitude (largest to smallest amounts), debits first.If no entry is necessary, select ‘No debit (or credit) entry needed’ in the account fields andenter 0 in the amount fields.
AccountDebitCreditAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer1. To record receipt of appropriation warrant.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer2. To record apportionment of monies by OMB.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer3. To record allotment of monies for first quarter.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer4. To record purchase request for equipment.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer5. To obligate funds for purchase orders for equipment.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer6a. To record receipt of equipmentAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer6b. To record financing source of equipment.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer7. To record request to Treasury for payment.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer8. To record confirmed payment by Treasury.Accounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswerAccounts payableAccumulated depreciation – equipmentAllotments – realized resourcesApportionmentsCommitmentsDelivered orders – obligations, paidDelivered orders – obligations, unpaidDisbursements in transitExpended appropriationsFund balance with TreasuryGeneral Property, Plant, and EquipmentOther appropriations realizedShipping security program expenses-depreciationUnapportioned authorityUndelivered orders – obligations, unpaidUnexpended appropriations – appropriations receivedUnexpended appropriations – usedNo debit entry neededNo credit entry neededAnswer9. To record depreciation of equipment