The Following Transactions and Events Were Selected from a Federal $\underline{\text{ Transactions: }}$

Essay

The following transactions and events were selected from a federal agency. All amounts are in millions of dollars.

$\underline{\text{ Transactions: }}$
1. Received a warrant from Treasury for its appropriation for the fiscal year, $300.
2. The OMB apportioned $80 to the agency.
3. The agency head allotted $79 to specific purposes.
4. Preliminary requests were made within the agency for the purchase of $8 in supplies.
5. Purchase orders were approved and placed for the $8 of supplies requested.
6. Salaries of $40 were paid to agency employees.
7. Equipment with an estimated cost of $17 was ordered.
8. The equipment was received along with an invoice for its $17 cost.

$\underline{\text{ Requirement: }}$ Prepare the entries a federal agency should make to record these transactions and events.