Transactions National Government Agency Books Debit Credit

Appropriations, Allotments, and Obligations

1.) Posting to the appropriate RAPAL

2.) Posting to the appropriate RAPAL and

RAODPS
RAODMOOE
RAODCO
RAODFE

3.) Posting to ORS to the appropriate:

RAODPS
RAODMOOE
RAODCO
RAODFE

4.) Cash, MDS Regular ₱15,500

Subsidy from Nat'l Government ₱15,500
Personal Services
5.) Salaries & Wages-Regular ₱3,000
PERA ₱900
Due to BIR ₱800
Due to GSIS ₱400
Due to PhilHealth ₱200
Due to PAG-IBIG ₱100
Due to Off. & Employees ₱2,400

6.) Advances for Payroll ₱2,400

Cash, MDS Regular ₱2,400

7. ) Due to Off. & Employees ₱2,400

Advances for Payroll ₱2,400

Due to GSIS ₱400

Due to PhilHealth ₱200
Due to PAG-IBIG ₱100
Cash,MDS Regular ₱700

8.) Retirement & Life Insurance Premium ₱400

PAG-IBIG Contributions ₱100
Philihealth Contributions ₱200
Cash, MDS Regular ₱700
Maintenance and Other Operating Expense
9.) Prepaid Rent ₱200
Cash, MDS Regular ₱200
10.) Electric Expense ₱400
Telephone Bill Expense ₱100
Cash, MDS Regular ₱500

11.) Advances to Off. & Employees ₱100

Cash, MDS Regular ₱100

12.) Travel Expense ₱80

Advances to Officers ₱80

13.) Cash- Collecting Officers ₱20

Advances to Officers ₱20

Cash-Treasury/Agency Deposit, Regular ₱20

Cash-Collecting Officer ₱20

14.) Office Supplies Inventory ₱400

Accounts Payable ₱400

15.) Accounts Payable ₱400

Due to BIR ₱40
Cash, MDS Regular ₱360

16.) Office Supplies Expense ₱200

Office Supplies Inventory ₱200

17.) Petty Cash Fund ₱84

Cash, MDS Regular ₱84

18.) No entry required

19.) Memo entry/ Posting of ORS to appropriate RAOD MOOE

20.) Office Supplies Expense ₱72

Cash, MDS Regular ₱72

21.) Cash- Collecting Officers ₱12

Petty Cash Fund ₱12

22.) Subisidiary from Nat'l Government ₱12

Cash, MDS Regular ₱12

23.) Petty Cash Fund ₱84

Cash, MDS Regular ₱84

Capital Outlay
24.) Office Equipment ₱950
 Due to BIR ₱80
Cash, MDS Regular ₱870

Purchase of Agricultural Equipment -On Account

25.) Agricultural & Forestry Equipment ₱490
Accounts Payable (500*.98) ₱490

Payment within discount period Accounts Payable ₱490

Due to BIR ₱30
Cash, MDS Regular ₱460

Payment beyond discount period Account Payable ₱490

Other Losses ₱10
Due to BIR ₱30
Cash, MDS Regular ₱470

Construction of Building
26.) Cash- Collecting Officers xx
Guaranty/ Security Deposits Payable xx

27.) Cash- Cash Treasury/Agent Deposit, Trust xx

Cash- Collecting Officers xx

28.) Advances to Contractors ₱240

Cash, MDS Regular ₱240

29.) Construction in Progress-Buildings ₱800

& Other structures
Accounts Payable ₱680
Advances to Contractors ₱120

30.) Accounts Payable ₱680

Due to BIR ₱47.6
Guaranty/ Security Deposits Payable ₱68
Cash, MDS Regular ₱546.4

31.) Construction in Progess- Buildings ₱800

& Other Structures
Accounts Payable ₱680
Advances to Constractors ₱120

32.) Cash- Collecting Officers ₱16

Miscellaneous Income ₱16

33.) Accounts Payable ₱680

Due to BIR ₱48
Guaranty/Security Deposit Payable ₱68
 Cash, MDS Regular ₱564

34.) Buildings ₱1,600

Construction In Progress-Buildings ₱1,600
& Other Structures

35.) Guaranty/Security Deposits Payable xx

Cash, MDS Trust xx

36.) Guaranty/Security Deposits Payable xx

Cash,MDS Regular xx
Purchase of Construction Equipment- On Installment
37.) Construction & Heavy Equipment ₱270
Accounts Payable ₱220
Cash,MDS Regular ₱50

38.) Accounts Payable ₱27

Interest Expense ₱3
Cash, MDS Regular ₱30

39.) Cash Tax Remittance Advice ₱1,045.2

Subsidy from Nat'l Government ₱1,045.2

Due to BIR ₱1,045.2

Cash- Tax Remittance Advice ₱1,045.2
Revenue
41.) Accounts Receivable ₱6,000
Rent/Lease Income ₱600
Waterworks System Fees ₱1,000
Power Supply System Fees ₱2,000
Seaport System Fees ₱900
Landing and Parking Fees ₱1,500

42.) Collection Cash- Collecting Officers ₱4,000

Accounts Receivable ₱4,000

Remittance Cash- Treasury/Agency Deposit, Regular ₱4,000

Cash- Collecting Officer ₱4,000

43.) Collection Cash- Collecting Officers ₱5,400

Travel Tax ₱400
Immigration Tax ₱5,000

Remittance Cash- Treasury/Agency Deposit, Regular ₱5,400

Cash-Collecting Officers ₱5,400

Direct Deposit thru Authorized Cash- Treasury/Agency Deposit, Regular ₱5,500

 Agent Banks Travel Tax ₱1,500
Immigration Tax ₱4,000

44.) Collection Cash- Collecting Officers ₱6,500

Permit Fees ₱4,000
Registration Fees ₱1,500
Licensing Fees ₱1,000

Remittance Cash- Treasury/Agency Deposit, Regular ₱6,500

Cash- Collecting Officers ₱6,500

45.) Collection Cash- Collecting Officers ₱6,000

Affiliation Fees ₱800
Examination Fees ₱1,000
Seminar/Training Fees ₱2,000
Guarantee Income ₱800
Fines & Penalties- Business Income ₱400
Other Business Income ₱1,000

Remittance Cash- Treasury/Agency Deposit, Regular ₱6,000

Cash- Collecting Officers ₱6,000
Adjusting Entries
46.) Depreciation Expense- Equiment ₱12
Depreciation Expense-Buildings ₱28
Depreciation Expense- Construction Eqpt. ₱20
Depreciation Expense-Agri.& Forestry Eqpt ₱10
Acc. Depreciation- Equipment ₱12
Acc. Depreciation- Buildings ₱28
Acc. Depreciation-Construction Eqpt. ₱20
Acc. Depreciation- Agri. & Foresty ₱10

47.) Rent Expense ₱180

Prepaid Rent ₱180

Impairment Loss- Loans &Receivable ₱240

Allowance for Impairment- A/R ₱240

48.) Subsidy from Nat'l Government ₱16,533.2

Cash, MDS Regular ₱16,533
Closing Entries
a Income Account Rent/Lease Income ₱600
Waterworks System Fees ₱1,000
Power Supply System Fees ₱2,000
Seaport System Fees ₱900
Landing and Parking Fees ₱1,500
Travel Tax ₱1,900
 Immigration Tax ₱9,000
Permit Fees ₱4,000
Registration Fees ₱1,500
Licensing Fees ₱1,000
Affiliation Fees ₱800
Examination Fees ₱1,000
Seminar/Training Fees ₱2,000
Guarantee Income ₱800
Fines & Penalties- Business Income ₱400
Other Business Income ₱1,000
Revenue & Expense Summary ₱29,400

b. Expense Accounts Revenue & Expense Summary ₱5,955

Salaries & Wages Regular ₱3,000
PERA ₱900
Retirement and Life Insurance ₱400
PhilHealth Contributions ₱200
Pag-ibig Contributions ₱100
Electricity Expenses ₱400
Telephone Expenses ₱100
Travel Expenses ₱80
Office Supplies Expense ₱272
Depreciation Expense- Equiment ₱12
Depreciation Expense-Buildings ₱28
Depreciation Expense- Construction Eqpt. ₱20
Depreciation Expense-Agri.& Forestry Eqpt ₱10
Rent/Lease Expenses ₱180
Impairment Loss- Loans Receivable ₱240
Other Losses ₱10
Interest Expense ₱3

Close SNG to Revenue & Expense Summary Subsidy from Nat'l Government ₱16,533.2
Revenue & Expense Summary ₱16,533.2

Close Revenue & Expense Summary Revenue & Expense Summary ₱39,978.2
Accumulated Surplus/ Deficit ₱39,978.2

Cash Deposit Account Accumulated Surplus/ Deficit ₱27,420

Cash- Treasury/Agency Deposit, Regular ₱27,420