Here is the following information aboutspecific funds allocated within thegovernment budget in 20191/2019: Allocations amounted to $ 240,0001/10/2019 The commitments (purchase order)amounted to $ 40,0001/15/2019 Cash expenses $ 80,4001/25/2019 I submitted invoices for $ 8,600and were approved for 25% of commitments1/208/2019 Submit invoices for $ 44,000 inexchange for full payment of the balance Theabove commitmentsIt is required to prepare a statement ofsupport

Given Data: Total allocation = $240000 Purchase order = $40000 Cash expenses = $80400

specific funds allocated within the government budget in 2019 [/2019: Allocations amounted to $ 240,000 1/10/2019 The commitments (purchase ord amounted to $ 40,000 1/15/2019 Cash expenses $ 80,400 L/25/2019 I submitted invoices for $ 8,600 and were approved for 25% of commitmen L/208/2019 Submit invoices for $ 44,000 in exchange for full payment of the balance T above commitments t is required to prepare a statement of support

specific funds allocated within the government budget in 2019 [/2019: Allocations amounted to $ 240,000 1/10/2019 The commitments (purchase ord amounted to $ 40,000 1/15/2019 Cash expenses $ 80,400 L/25/2019 I submitted invoices for $ 8,600 and were approved for 25% of commitmen L/208/2019 Submit invoices for $ 44,000 in exchange for full payment of the balance T above commitments t is required to prepare a statement of support

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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