GRANT Entries

Question 1

JE to record grants in Adopted Budget

Answer 1

Dr. Grant Revenue
Dr. General Revenue - Match (if rev don’t = approp)
Cr. Grant Budget Appropriation

Question 2

JE: Record Chapter 159

Answer 2

Dr. Anticipated Revenue: Grant

Cr. Budget Approp: Grant

Question 3

JE: Charge all Grants appropriated to the budget

Answer 3

Dr. Budget Approp.: List grants in budget
Dr. Budget Approp: List 159 Grants
Cr. Due From/to State

Question 4

JE: JE to realize all grant revenue in budget

Answer 4

Dr. Due from/to state /fed Grant Fund
Cr. Anticipated Revenues: List all from adopted Budget
Cr. Anticipated Revenues: List all 159s

Question 5

JE in Grant Fund: Received Cash for unappropriated grant.

Answer 5

Dr. Cash

Cr. Unappropriated Rsv: List Grants