(Journal entries-emphasis on budgetary entries and statement) The Central Think Tank (CTT) receives a separate appropriation from Congress for the acquisition of advanced intelligence-gathering materials. The following is a summary of transaction affecting the CTT's intelligence-gathering material appropriation for the year ended September 30, 2013. Prepare journal entries to record these transactions: State which entries are budgetary and which are proprietary. Also, prepare a statement of budgetary resources. Assume that all resources not obligated by year-end are not available for future obligation.

1. The CTT received an appropriation of 400,000.

2. The OMB apportioned to the agency the entire amount that Congress appropriated.

3. To keep control over its rate of expenditures, the agency used an allotment system. During the year, the entire apportionment was allotted.

4. Commitments placed during the year for intelligence gathering materials totaled $390,000.

5. Purchase orders issued against the commitments totaled 4375,000.