One amount is missing in the following trial balance of proprietary accounts, and another is missing...

One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts of the Save Our Resources Commission of the federal government. This trial balance was prepared before budgetary accounts were adjusted, such as returning unused appropriations. The debits are not distinguished from the credits.

SAVE OUR RESOURCES COMMISSION
Preclosing Trial Balance
September 30, 2020
Proprietary accounts:
Accounts Payable	$	135,000
Accumulated Depreciation—Plant and Equipment		5,351,000
Appropriations Used		4,501,000
Fund Balance with Treasury—2020		?
Operating Materials and Supplies		64,000
Cumulative Results of Operations—10/1/19		1,010,000
Operating/Program Expenses		2,151,000
Depreciation and Amortization		751,000
Plant and Equipment		8,112,000
Unexpended Appropriations—2020		411,000
Budgetary accounts:
Other Appropriations Realized—2020		?
Expended Authority—2020		4,501,000
Undelivered Orders—2020		311,000
Allotments—2020		101,000

In completing the assignment, assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental. Also, assume that Other Appropriations Realized—2019 were zero.

Required

Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2020.

I have been able to separate out the Preclosing Trial Balance into debits and credits and came up with a funds balance of $330,000 and an other appropriations of $4,913,000. The text provides a similar Statement of Budgetary Resources, but I can't seem to get it to work

The table provided is as follows (bold lines are the blanks that need to be filled in):

Budgetary Resources:

Budgetary Authority

Status of Budgetary Resources:

New Obligations & Upward Adjustments

Total Status of Budgetary Resources

Changes in Obligated Balance

Unpaid Obligations, Beginning of the Year

New Obligations & Upward Adjustments

Outlays (Disbursements)

Unpaid Obligations, End of Year

Solutions

Expert Solution

	Debit	Credit
Proprietary accounts:
Accounts Payable		135000
Accumulated Depreciation—Plant and Equipment		5351000
Appropriations Used		4501000
Operating Materials and Supplies	64000
Cumulative Results of Operations—10/1/19		1010000
Operating/Program Expenses	2151000
Depreciation and Amortization	751000
Plant and Equipment	8112000
Unexpended Appropriations—2020		411000
Fund Balance with Treasury—2020 [bal. fig.]	330000
Total Proprietary accounts	11408000	11408000

Budgetary Resources:
Budgetary Authority	4812000

Status of Budgetary Resources:
New Obligations & Upward Adjustments	4812000
Total Status of Budgetary Resources	4812000

Changes in Obligated Balance
Unpaid Obligations, Beginning of the Year	0
New Obligations & Upward Adjustments	4812000
Outlays (Disbursements)	4501000

Unpaid Obligations, End of Year	311000

ekkarill92 answered 10 months ago

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