The Department of Budget and Management (DBM), upon approval and issuance of the General Appropriation released the following for Ageney X on January 2, 2020: General Appropriations: Personnel Services (PS) Maintenance and Other Operating Expenses (MOOE) Capital Outlay (CO) 700,000 500,000 1,300,000 2,500,000 Total Allotments: Personnel Services (PS) Maintenance and Other Operating Expenses (MOOE) Capital Outlay (CO) Total 700,000 500,000 1,000,000 2,200,000 On January 15, 2020, Agency X incurred the following: Obligations incurred: Personnel Services (PS) Maintenance and Other Operating Expenses (MOOE) Capital Outlay (CO) Total 250,000 200,000 500,000 950,000 On January 30, 2020, Agency X incurred the following: Obligations incurred: Personnel Services (PS) Maintenance and Other Operating Expenses (MOOE) Capital Outlay (CO) Total 350,000 250,000 400,000 1,000,000

The Department of Budget and Management (DBM), upon approval and issuance of the General Appropriation released the following for Ageney X on January 2, 2020: General Appropriations: Personnel Services (PS) Maintenance and Other Operating Expenses (MOOE) Capital Outlay (CO) 700,000 500,000 1,300,000 2,500,000 Total Allotments: Personnel Services (PS) Maintenance and Other Operating Expenses (MOOE) Capital Outlay (CO) Total 700,000 500,000 1,000,000 2,200,000 On January 15, 2020, Agency X incurred the following: Obligations incurred: Personnel Services (PS) Maintenance and Other Operating Expenses (MOOE) Capital Outlay (CO) Total 250,000 200,000 500,000 950,000 On January 30, 2020, Agency X incurred the following: Obligations incurred: Personnel Services (PS) Maintenance and Other Operating Expenses (MOOE) Capital Outlay (CO) Total 350,000 250,000 400,000 1,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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