Exercise 3: A government agency had the following transactions during the month:

1) Obligation for Petty cash fund, P50,000.

2) Established petty cash fund, P50,000.
3) Replenishment of the petty cash fund:
Office Supplies Expenses, P20,000
Postage and Courier Expenses, P5,000
Fuel, Oil and Lubricants Expenses, P15,000
4) Bill received from MERALCO, P60,000.
5) PLDT bill, P20,000.
6) Payment of PLDT bill, net of appropriate government tax.
7) Payment of MERALCO bill, net of appropriate of government tax.
8) Signing of the contract for the rental of office space with 6 months advance payment of
P60,000.
9) Issued special order for the attendance to seminar (training exp), fee of P5,000.
10) Payment of the seminar fee.
11) Receipt of liquidation report with Certificate of Attendance for advances to seminar.
12) Approval of itinerary of local travel, P30,000.
13) Payment of per diems and allowances related with the local travel, P30,000.
14) Liquidation of cash advance for travel.
15) Issuance of PO to dealer of office equipment, P55,000
16) Receipt of office equipment with charge invoice.
17) Payment of the delivered equipment, net of appropriate government tax.
18) Obligation for ICT Equipment per Purchase order, P100,000.
19) Payment to Procurement Service of the DBM for ICT equipment.
20) Receipt of ICT Equipment based on Invoice/Delivery Receipt.

Required: Journalize the above transactions.

Exercise 4: A national government agency had the following transactions relating with
inventories and fixed assets:
1) Issued PO for spare parts, P20,000.
2) Receipt of spare parts.
3) Payment of liability for spare parts, net of appropriate government tax.
4) Signed a contract for construction of building, P5,000,000.
5) Payment of 15% mobilization fee to contractor of buildings.
6) Receipt of 1st progress billing-50% completion.
7) Payment of 1st progress billing, net of advances and tax.
8) Receipt of final billing100% completion.
9) Final payment for building, net of tax.
10) Turnover and acceptance of building.
11) Depreciation for the building, 20 years estimated life. (6 months)

Required: Journalize the above transactions.