110017-000 FIT RATE ADJ RECEIVABLE - NON

110017-000 FIT RATE ADJ RECEIVABLE - NON 9/30/2022 GLS JV2022090000056 2022 - 09
110017-000 FIT RATE ADJ RECEIVABLE - NON 9/30/2022 GLS JV2022090000057 2022 - 09
110017-000 FIT RATE ADJ RECEIVABLE - NON 12/31/2022 GLS JV2022120000101 2023 - 03
110017-000 FIT RATE ADJ RECEIVABLE - NON 12/31/2022 GLS JV2022120000087 2023 - 03
110017-000 FIT RATE ADJ RECEIVABLE - NON

Inquiries:
1. What is the purpose of the adjusting entries mad
2. What is the purpose of the adjusting entries mad
3. What is the purpose of the adjusting entries mad
4. What is the purpose of the adjusting entries mad
 0 80,220,020.17 0.00
To take adjustment for Q2 balance. 0 10,387,173.60 0.00
To take up adjustment for Q3 balance. 0 0.00 4,430,191.55
Adjust entry on Fit rate adj. receivable- non curr 0 0.00 15,285,286.91
RJE #06 - To propose adjustment on receivable f 0 0.00 17,933,195.34
0 52,958,519.97 0.00

he adjusting entries made amounting to P10,387,173.60 for second quarter of 2022?

he adjusting entries made amounting to P4,430,191.55 for third quarter of 2022?
he adjusting entries made amounting to P15,285,286.91 for December 31, 2022?
he adjusting entries made amounting to P17,933,195.34 for December 31, 2022?
 DEBIT CREDIT
Beginning Balance - 80,220,020.17 0.00
- 90,607,193.77 0.00
- 90,607,193.77 4,430,191.55
- 90,607,193.77 19,715,478.46
- 90,607,193.77 37,648,673.80
Ending Balance - 52,958,519.97 -
110018-000 FIT RATE ADJ RECEIVABLE - CURR
110018-000 9/30/2022 GLS JV2022090000054 2022 - 09
110018-000 9/30/2022 GLS JV2022090000055 2022 - 09
110018-000 9/30/2022 GLS JV2022090000056 2022 - 09
110018-000 9/30/2022 GLS JV2022090000057 2022 - 09
110018-000 12/31/2022 GLS JV2022120000101 2023 - 03
110018-000 12/31/2022 GLS JV2022120000102 2023 - 03
110018-000 12/31/2022 GLS JV2022120000087 2023 - 03
110018-000 FIT RATE ADJ RECEIVABLE - CURR

Inquiries:
1. What is the purpose of the adjusting entries made amounting to P10,387,173.60 for second quarter of 2022?
2. What is the purpose of the adjusting entries made amounting to P4,430,191.55 for third quarter of 2022?
3. What is the purpose of the adjusting entries made amounting to P15,285,286.91 for December 31, 2022?
4. What is the purpose of the adjusting entries made amounting to P17,933,195.34 for December 31, 2022?
 0
To take up interest on FIT rate receivable for 2nd qtr 2022. 0
To take up interest on FIT rate receivable for 3rd qtr. 2022. 0
To take adjustment for Q2 balance. 0
To take up adjustment for Q3 balance. 0
Adjust entry on Fit rate adj. receivable- non current. 0
To reclass entry on AR - Trade. 0
RJE #06 - To propose adjustment on receivable from FIT as of Dec. 31, 2022. 0
0

made amounting to P10,387,173.60 for second quarter of 2022?

made amounting to P4,430,191.55 for third quarter of 2022?
made amounting to P15,285,286.91 for December 31, 2022?
made amounting to P17,933,195.34 for December 31, 2022?
23,932,736.88 0.00 Beginning Balance - 23,932,736.88
914,831.57 0.00 - 24,847,568.45
897,511.35 0.00 - 25,745,079.80
0.00 10,387,173.60 - 25,745,079.80
4,430,191.55 0.00 - 30,175,271.35
15,285,286.91 0.00 - 45,460,558.26
0.00 15,285,286.91 - 45,460,558.26
7,366,599.84 0.00 - 52,827,158.10
27,154,697.59 0.00 Ending Balance - 27,154,697.59
 -
-
-
10,387,173.60
10,387,173.60
10,387,173.60
25,672,460.51
25,672,460.51
-
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1 7/31/2022 ACR 0592
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1 8/31/2022 ACR 0596
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1 9/30/2022 ACR 0600
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1 10/31/2022 ACR 0604
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1 11/30/2022 ACR 0608
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1 12/31/2022 ACR 0612
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1 12/31/2022 GLS JV2022120000062
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1 12/31/2022 GLS JV2022120000017
110018-100 FIT RATE ADJ RECEIVABLE - CURR - Raslag 1

Inquiry: Tracing of journal entries

1. What is the purpose of adjustments on Energy Sales dated December 31, 2022? R1 Fit Differential Adjusm
R1 FIT DIFFERENTIAL ADJU
R1 FIT DIFFERENTIAL ADJU
R1 Fit Differential adjustm
R1 Fit Rate Adjustment Re
R1 Fit rate Adjustment Re
 0
2022 - 07 R1 Fit Differential Adjusment for the period August 26, 2017 to Septemb 0
2022 - 08 R1 FIT DIFFERENTIAL ADJUSTMENT FOR THE PERIOD SEPTEMBER 26, 2017 0
2022 - 09 R1 FIT DIFFERENTIAL ADJUSTMENT FOR THE PERIOD OCT 26 TO NOV 25, 0
2022 - 10 R1 Fit Differential adjustment for the period November 26, 2017 to Dec 0
2022 - 11 R1 Fit Rate Adjustment Receivable for the period December 26,2017 to J 0
2022 - 12 R1 Fit rate Adjustment Receivable for the billing period Jan 26 to Febru 0
2022 - 12 To take up adjustment on Energy sales. 0
2022 - 12 R1 - Payment of Energy sales for billing period 9/26/2022 - 10/25/2022 0
0

Tracing of journal entries made to its source for existence.

R1 Fit Differential Adjusment for the period August 26, 2017 to September 25, 2017 computed as follows: 1,217,182.40 x P 0.3861 = P 46
R1 FIT DIFFERENTIAL ADJUSTMENT FOR THE PERIOD SEPTEMBER 26, 2017 TO OCTOBER 25, 2017 COMPUTED AS FOLLOWS: 952,896 X P
R1 FIT DIFFERENTIAL ADJUSTMENT FOR THE PERIOD OCT 26 TO NOV 25, 2017 COMPUTED AS FOLLOWS: 1,056,064.40KWH X P0.3861 = P
R1 Fit Differential adjustment for the period November 26, 2017 to December 25, 2017 computed as follows : 997,828.60 x P 0.3861 = P
R1 Fit Rate Adjustment Receivable for the period December 26,2017 to January 25, 2017 computed as follows: 1,077,652.80 x P 0.3861 =
R1 Fit rate Adjustment Receivable for the billing period Jan 26 to February 4, 2018 and February 5 to February 25, 2018 computed as follo
 0.00 7,773,166.15 Beginning Balance - -
0.00 469,954.12 - -
0.00 367,913.15 - -
0.00 407,746.46 - -
0.00 385,261.62 - -
0.00 416,081.75 - -
0.00 887,054.73 - -
581,992.59 0.00 - 581,992.59
0.00 385,261.62 - 581,992.59
0.00 10,510,447.01 Ending Balance - -

d as follows: 1,217,182.40 x P 0.3861 = P 469,954.12

017 COMPUTED AS FOLLOWS: 952,896 X P 0.3861 = P 367,913.15
S FOLLOWS: 1,056,064.40KWH X P0.3861 = P407,746.46
uted as follows : 997,828.60 x P 0.3861 = P 385,261.62
mputed as follows: 1,077,652.80 x P 0.3861 = P 416,081.75
ary 5 to February 25, 2018 computed as follows: 381,830.40 x P 0.3861 = P 147,424.72, 925,926.40 x P 0.7988 = P 739,630.01, P 147,424.
 7,773,166.15
8,243,120.27
8,611,033.42
9,018,779.88
9,404,041.50
9,820,123.25
10,707,177.98
10,707,177.98
11,092,439.60
10,510,447.01

88 = P 739,630.01, P 147,424.72 + 739,630.01 = P 887,054.73

110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 7/31/2022 ACR 0593
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 8/31/2022 ACR 0597
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 9/30/2022 ACR 0601
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 10/31/2022 ACR 0605
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 10/31/2022 GLS JV2022100000034
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 11/30/2022 ACR 0609
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 12/31/2022 ACR 0613
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 12/31/2022 GLS JV2022120000021
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2 12/31/2022 GLS JV2022120000018
110018-200 FIT RATE ADJ RECEIVABLE - CURR - Raslag 2

Tracing of journal entries made to its source for existence.

 0 0.00 25,711.56
2022 - 07 R2 Fit Differential adjustment for the billing period August 0 0.00 30,936.66
2022 - 08 R2 FIT DIFFERENTIAL ADJUSTMENT FOR THE PERIOD SEPTEMB 0 0.00 23,859.59
2022 - 09 R2 FIR DIFFERENTIAL ADJUSTMENT FOR THE PERIOD OCTOB 0 0.00 25,401.30
2022 - 10 R2 Fit Differential Adjustment for the period November 26, 0 0.00 24,824.47
2022 - 10 Additional FIT RATE ADJUSTMENT (Billing period: Nov. 26-Dec 0 0.00 45,022.51
2022 - 11 R2 Fit Rate Adjustment Receivable for the billing period Dec 0 0.00 492,380.43
2022 - 12 R2 Fit rate adjustment receivable for the billing period Janu 0 0.00 575,957.66
2022 - 12 Additional fit differential adjustment for Nov. 26, 2017 to De 0 0.00 45,022.51
2022 - 12 R2 - Payment of Energy Sales for billing Period 9/26/2022 - 0 0.00 69,846.98
0 0.00 1,358,963.67
Beginning Balance - - 25,711.56
- - 56,648.22
- - 80,507.81
- - 105,909.11
- - 130,733.58
- - 175,756.09
- - 668,136.52
- - 1,244,094.18
- - 1,289,116.69
- - 1,358,963.67
Ending Balance - - 1,358,963.67