L-NU AA-23-02-01-18

Place your handwritten answer on a piece of paper. Scan or capture your output in portrait. Attach the
file prior to submission.

Instruction: Record the following transactions or events. If no journal entry is needed, state the registry
or other document where the transaction or event is recorded. If a journal entry is needed, just provide
the journal entry.

Problem

a. Receipt of notice of appropriation amounting to P1,000,000.

b. Receipt of allotment from the DBM amounting to P980,000.
c. Incurrence of obligations amounting to P880,000.
d. Receipt of Notice of Cash Allocation amounting to P850,000.
e. Accrual of P500,000 salaries upon approval of payroll. The breakdown is as follows:
 Salaries and Wages P450,000
 Personal and Economic Relief Allowance P50,000
 Withholding Tax P125,000
 GSIS P25,000
 Pag-IBIG P20,000
 PhilHealth P12,000
f. Granting of cash advance for the payroll.
g. Liquidation of the cash advance for payroll.
h. Receipt of delivery of purchased office supplies worth P200,000 from current year's obligation.
i. Payment of P180,000 accounts payable. Taxes withheld amount to P10,000.
j. Remittance of all taxes withheld to the BIR.
k. Remittance of other amounts withheld to the other government agencies concerned.
l. Billing of revenue for Power Supply System Fees amounting to P200,000.
m. Collection of P200,000 from billed revenue and remittance of the total collection to the National
Treasury.

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