The City of Smithville Was Awarded a Federal Grant on May

Essay

The City of Smithville was awarded a federal grant on May 1,2015 in the amount of $2,400,000 for the purpose of conducting a summer youth employment program. This was a reimbursement-type grant. On August 31,$5,475,000 of expenditures was recorded,and cash was paid out. On October 15 the $5,475,000 was received from the federal government. Record necessary entries as of July 1,August 31,September 30 and October 15.