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PARTICULARS

Cash - Collecting Officer


Petty Cash Fund
Cash - National Treasury-Modified Disbursement System
Cash in Bank - Local Currency - Current Account
Accounts Receivable
Allowance for Doubtful Accounts
Office Supplies Inventory
Construction Materials Inventory
Other Current Assets
Investment in Stocks
Land
Office Buildings
Accumulated Depreciation - Office Building
Office Equipments
Accumulated Depreciation - Office Equipment
Furnitures and Fixtures
Accumulated Depreciation - Furnitures and Fixtures
IT Equipment and Software
Accumulated Depreciation - IT Equipment and Software
Advances for Payroll
Advances to Special Disbursing Officer
Construction in Progress - Bldg & Other Structures
Due to National Government
Due from Officers and Employess
Accounts Payable
Due to BIR
Due to GSIS
Due to PAG-IBIG
Due to Philhealth
Other Payables
Government Equity
Subsidy from National Government
Sales Revenue
Miscellaneous Income
Permit Fees
Salaries and Wages - Regular
Personal Economic Relief Assistance (PERA)
Additional Compensation
Life and Retirement Insurance Contributions
PAG-IBIG Contributions

PHILHEALTH Contributions
Employees Compensation Insurance Premium (ECIP)
Travelling Expenses - Local
Office Supplies Expense
Electricity Expense
Telephone Expenses - Landline
Janitorial Services Expenses
Security Services Expenses
Repairs and Maintenance-Office Building
Depreciation - Office Building
Depreciation - Office Equipment
Depreciation - Furniture and Fixtures
Depreciation - IT Equipment Software
Totals

For the Year 2


ACCOUNT CODE

Pre-Closing Trial Balance


DEBIT
CREDIT
500,000.00
300,000.00
1,200,000.00
400,000.00
120,000.00
20,000.00
30,000.00
15,000.00
100,000.00
900,000.00
600,000.00
50,000.00
300,000.00
20,000.00
110,000.00
10,000.00
190,000.00
25,000.00

185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
4,070,000.00
1,100,000.00

320,000.00
40,000.00
40,000.00
60,000.00
10,000.00

10,000.00
35,000.00
60,000.00
75,000.00
45,000.00
30,000.00
35,000.00
65,000.00
15,000.00
10,000.00
5,000.00
5,000.00
5,625,000.00

5,625,000.00

For the Fiscal Y


For the Year 2015
Closing Entries
DEBIT
CREDIT

Post-Closing Trial Balance


DEBIT
500,000.00
300,000.00
1,200,000.00
400,000.00
120,000.00
30,000.00
15,000.00
100,000.00
900,000.00
600,000.00
300,000.00
110,000.00
190,000.00

240,000.00
1,100,000.00

320,000.00
40,000.00
40,000.00
60,000.00
10,000.00

10,000.00

1,100,000.00

35,000.00
60,000.00
75,000.00
45,000.00
30,000.00
35,000.00
65,000.00
15,000.00
10,000.00
5,000.00
5,000.00
1,100,000.00

4,765,000.00

Agency MNO
Working Paper
For the Fiscal Year Ended December 31, 2015 and 2016

st-Closing Trial Balance


CREDIT

Transactions for 2016


DEBIT
CREDIT
5,000.00
25,500,300.00
1,050,000.00

20,000.00
70,000.00

50,000.00
20,000.00
420,000.00
10,000.00
100,000.00
25,000.00

20,000.00

40,000.00
200,000.00
85,000.00
185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
4,310,000.00
27,151,500.00
450,000.00
280,000.00
320,000.00
460,000.00
40,000.00

24,000.00

90,000.00
55,200.00

72,000.00
180,000.00

4,765,000.00

28,306,500.00

28,306,500.00

5 and 2016

Pre-Closing Trial Balance


DEBIT
CREDIT
495,000.00
300,000.00
26,700,300.00
1,450,000.00
120,000.00
20,000.00
30,000.00
70,000.00
15,000.00
100,000.00
900,000.00
600,000.00
50,000.00
300,000.00
20,000.00
530,000.00
10,000.00
90,000.00
5,000.00

40,000.00
200,000.00
85,000.00
185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
4,310,000.00
27,151,500.00
450,000.00
280,000.00
320,000.00
460,000.00
40,000.00

24,000.00

For the Year 2016


Adjusting Entries
DEBIT

90,000.00
55,200.00

72,000.00
180,000.00

32,946,500.00

32,946,500.00

15,000.00
10,000.00
24,091.00
2,368.42
51,459.42

For the Year 2016


Adjusting Entries
CREDIT

15,000.00
10,000.00
24,091.00
2,368.42

Adjusted Trial Balance


DEBIT
CREDIT
495,000.00
300,000.00
26,700,300.00
1,450,000.00
120,000.00
20,000.00
30,000.00
70,000.00
15,000.00
100,000.00
900,000.00
600,000.00
65,000.00
300,000.00
30,000.00
530,000.00
34,091.00
90,000.00
7,368.42

40,000.00
200,000.00
85,000.00
185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
4,310,000.00
27,151,500.00
450,000.00
280,000.00
320,000.00
460,000.00
40,000.00

24,000.00

90,000.00
55,200.00

72,000.00
180,000.00

51,459.42

15,000.00
10,000.00
24,091.00
2,368.42
32,997,959.42

32,997,959.42

Closing Entries
DEBIT

CREDIT

Post-Closing Entries
DEBIT
CREDIT
495,000.00
300,000.00
26,700,300.00
1,450,000.00
120,000.00
20,000.00
30,000.00
70,000.00
15,000.00
100,000.00
900,000.00
600,000.00
65,000.00
300,000.00
30,000.00
530,000.00
34,091.00
90,000.00
7,368.42

40,000.00
200,000.00
85,000.00

27,828,840.58
27,751,500.00
450,000.00
280,000.00
320,000.00
460,000.00
40,000.00

24,000.00

185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
31,538,840.58

90,000.00
55,200.00

72,000.00
180,000.00

28,801,500.00

15,000.00
10,000.00
24,091.00
2,368.42
28,801,500.00

32,025,300.00

32,025,300.00

Debit

Cash - Collecting Officer


Credit
1,050,000.00
1,050,000.00
10,000,000.00
10,000,000.00
5,000.00

11,050,000.00

Debit

300,000.00

11,055,000.00
5,000.00

Allowance for Doubtful Accounts


Credit

Debit

Petty Cash Fund


Debit

Office Supplies Inventory


Debit

Office Buildings
Credit

Accumulated Depreciation - Furnitures and


Fixtures
Debit
Credit

300,000.00
300,000.00

Accumulated Depreciation - Office Building


Debit

IT Equipment and Software


Debit

Debit

Advances to Special Disbursing Officer


Credit
36,000.00
36,000.00

36,000.00
-

Debit

Debit

Construction in Progress - Bldg & Other


Structures
Debit
40,000.00

36,000.00

Accounts Payable
Credit

40,000.00
40,000.00

Due to BIR
Debit

70,000.00
420,000.00

420,000.00
70,000.00

147,200.00
42,000.00
11,000.00

490,000.00

490,000.00
-

200,200.00

Other Payables
Credit

Government Equity

Debit

Government Equity
Credit

Life and Retirement Insurance Contributions


Debit
Credit

PAG-IBIG Contributions
Debit
24,000.00

Debit

Electricity Expense
Credit
72,000.00

Telephone Expense - Landline


Debit
180,000.00

72,000.00
72,000.00

Debit

Debit

Depreciation- Office Building


Credit

24,000.00
24,000.00

180,000.00
180,000.00

Depreciation - Office Equipment


Debit

Sales Revenue
Credit

Miscellaneous Income
Debit

450,000.00

450,000.00
450,000.00

ASSETS

Cash - National Treasury-Modified Disbursement


System
Debit
Credit
169,200.00
17,698,500.00
500,000.00
10,000,000.00
63,000.00
36,000.00
200,000.00
252,000.00
378,000.00

Petty Cash Fund


Credit

ffice Supplies Inventory


Credit

27,698,500.00
25,500,300.00

Debit

ed Depreciation - Office Building


Credit

quipment and Software


Credit
100,000.00

Other Current Assets


Credit

Debit

600,000.00
2,198,200.00

Office Equipment
Credit

Accumulated Depreciation - IT Equipment and


Software
Debit
Credit
20,000.00

100,000.00
100,000.00

ion in Progress - Bldg & Other


Structures
Credit

20,000.00
20,000.00

Debit

Due to National Government


Credit
200,000.00

200,000.00
200,000.00

LIABILITIES

Due to BIR
Credit

Debit
147,200.00
42,000.00
7,000.00
4,000.00
200,200.00
-

Due to GSIS
Credit
55,200.00

55,200.00

55,200.00

55,200.00
-

EQUITY

Salaries and Wages - Regular

Debit

Salaries and Wages - Regular


Credit
460,000.00

460,000.00
460,000.00

AG-IBIG Contributions
Credit

Debit

PHILHEALTH Contributions
Credit
90,000.00

hone Expense - Landline


Credit

90,000.00
90,000.00

Debit

eciation - Office Equipment


Credit

Janitorial Services Expenses


Credit

Depreciation - Furnitures and Fixtures


Debit
Credit

Miscellaneous Income
Credit

Debit
280,000.00

Income from Grants and Donations


Credit
10,000,000.00

###

280,000.00
280,000.00

10,000,000.00

10,000,000.00
-

Cash in Bank - Local Currency - Current


Account
Debit
Credit

Accounts Receivable
Debit

1,050,000.00

1,050,000.00
1,050,000.00

Debit

Investment in Stocks
Credit

Land
Debit

Accumulated Depreciation - Office Equipment


Debit
Credit

Furnitures and Fixtures


Debit
420,000.00

Debit

Construction Material Inventory


Credit
70,000.00

420,000.00
420,000.00

Advances for Payroll


Debit
500,000.00

70,000.00
70,000.00

Debit

500,000.00
-

Due from Officers and Employess


Credit
5,000.00
80,000.00

85,000.00
85,000.00

Debit

Due to PAG-IBIG
Credit

Due to Philhealth
Debit

24,000.00

24,000.00

90,000.00

24,000.00

24,000.00
-

90,000.00

Personnel Economic Relief Assistance ( PERA)

Additional Compensation

Personnel Economic Relief Assistance ( PERA)


Debit
Credit

Additional Compensation
Debit

40,000.00

40,000.00
40,000.00

Debit

Travelling Expenses - Local


Credit

Office Supplies Expense


Debit

Debit

Security Services Expenses


Credit

Employyes Compensation Insurance Premiums


(ECIP)
Debit
55,200.00

Depreciation- - IT Equipment and Software


Debit
Credit

Debit

Repairs and Maintenance - Office Building


Debit

Permit Fees
Credit
320,000.00

55,200.00
55,200.00

Subsidy Income from National Government


Debit

600,000.00

320,000.00
320,000.00

600,000.00

Accounts Receivable
Credit

Land
Credit

urnitures and Fixtures


Credit

Advances for Payroll


Credit
183,600.00
316,400.00

500,000.00

Due to Philhealth
Credit

dditional Compensation

90,000.00

90,000.00
-

dditional Compensation
Credit

ffice Supplies Expense


Credit

nd Maintenance - Office Building


Credit

ompensation Insurance Premiums


(ECIP)
Credit

ome from National Government


Credit

17,698,500.00
42,000.00
11,000.00
10,000,000.00
27,751,500.00
27,151,500.00