a.

Working Fund - Agency 5,000

Cash 5,000
To record the establishment of working fund to an agency

b. Accounts Receivable 50,000

Sales - Agency 50,000
To record the receipt of sales order from the agency

c. Cash 35,000
Accounts Receivable 35,000
To record the collections of agency accounts

d. No Entry

e. Expenses - Agency 6,750

Cash 6,750
To record the replenishment of the agency working fund

f. Cost of Goods Sold - Agency 36,000

Shipments to Agency 36,000
To record the cost of goods sold identified with agency sales

g. Sales - Agency 50,000

Cost of Goods Sold - Agency 36,000
Expenses - Agency 6,750
Income Summary - Agency 7,250
To close the nominal accounts in the income summary

Sales - Agency ₱ 50,000

Less: Cost of Goods Sold - Agency ₱ 36,000
Gross Income ₱ 14,000
Less: Expenses - Agency ₱ 6,750
Net Income -Agency ₱ 7,250