Forum Pacific, Inc.

Cash Disbursement (January - March 2012) For the 1st quarter of 2012

Date

Payee

Particulars Payment for Dec2011 retainer's fee and OPE. Remittance of Dec2011 expanded withholding tax. Advances for processing FPI business permit & licenses Payment for 2012 annual listing fee. Payment for 2012 business permit.

04-Jan-12 BDO Unibank, Inc. 04-Jan-12 BDO FAO BIR 04-Jan-12 CASH 04-Jan-12 PSE 16-Jan-12 City Treasurer of Pasig TOTAL - JANUARY

SUMMARY JOURNAL ENTRY:

JANUARY Account Name Advances to O&E Expanded withholding tax payable Accounts payable - BDO Taxes & licenses Dues & subscription Advances from TWGI To record cash disbursement for the month of January.

CV# 11050 11051 11052 11053 11107

Check#

Cash in Bank

Advances to O&E

BALANCE Advances to/from Affiliates (9,915.00) (1,000.00) (4,160.00) (280,000.00) (12,215.56) (307,290.56)

SHEET

ACCOU

4,160.00

-

4,160.00

Debit 4,160.00 1,000.00 9,915.00 12,215.56 280,000.00 307,290.56

Credit

(307,290.56) (307,290.56) -

ALANCE

SHEET ACCOUNTS Withholding Tax Payable Compensation Expanded 1,000.00

Accounts Payable CCP BDO 9,915.00

Accrued Expense

Salaries & Wages

Professional Fee

-

1,000.00

-

9,915.00

-

-

-

215.00 - .Transportation & Travel INCOME STATEMENT ACCOUNTS Taxes & Printing & Meal Dues & Licenses reproduction Allowance Subscription Bank Charges 280.56 280.215.56 12.00 12.000.000.

Misc. Expense Office Supplies - - - .

Inc.Wellex Industries.JUNE SUMMARY JOURNAL ENTRY: .June 2012) For the 1st quarter of 2012 Date Payee Particulars CV# TOTAL . Cash Disbursement (April .MAY TOTAL .APRIL TOTAL .

APRIL Account Name Debit .

Check# Cash in Bank Advances to/from Affiliates BALANCE Withholding Tax Payable Compensation Expanded SHEET SSS ACCOUNTS Premium Payable - - - - - - - - - - - - - - - .

Credit .

HEET ACCOUNTS Premium Payables Philhealth INCOME HDMF Accounts Payable CCP BDO Accrued Expense Salaries & Wages Professional Fee ST - - - - - - - - - - - - - - - - - - - - - .

.

INCOME STATEMENT Transportation Taxes & & Travel Licenses ACCOUNTS Printing & reproduction Meal Allowance Office Supplies - - - - - - - - - - - - - - - - .

SEPTEMBER SUMMARY JOURNAL ENTRY: .September 2012) For the 1st quarter of 2012 Date Payee Particulars CV# TOTAL .AUGUST TOTAL .JULY TOTAL . Inc.Wellex Industries. Cash Disbursement (July .

JULY Account Name Debit .

Check# Cash in Bank Advances to/from Affiliates BALANCE Withholding Tax Payable Compensation Expanded SHEET SSS ACCOUNTS Premium Payable - - - - - - - - - - - - - - - .

Credit .

HEET ACCOUNTS Premium Payables Philhealth INCOME HDMF Accounts Payable CCP BDO Accrued Expense Salaries & Wages Professional Fee ST - - - - - - - - - - - - - - - - - - - - - .

.

INCOME STATEMENT Transportation Taxes & & Travel Licenses ACCOUNTS Printing & reproduction Meal Allowance Office Supplies - - - - - - - - - - - - - - - - .

December 2012) For the 1st quarter of 2012 Date Payee Particulars CV# TOTAL .NOVEMBER TOTAL .Wellex Industries. Cash Disbursement (October .DECEMBER SUMMARY JOURNAL ENTRY: .OCTOBER TOTAL . Inc.

OCTOBER Account Name Debit .

Check# Cash in Bank Advances to/from Affiliates BALANCE Withholding Tax Payable Compensation Expanded SHEET SSS ACCOUNTS Premium Payable - - - - - - - - - - - - - - - .

Credit .

HEET ACCOUNTS Premium Payables Philhealth INCOME HDMF Accounts Payable CCP BDO Accrued Expense Salaries & Wages Professional Fee ST - - - - - - - - - - - - - - - - - - - - - .

.

INCOME STATEMENT Transportation Taxes & & Travel Licenses ACCOUNTS Printing & reproduction Meal Allowance Office Supplies - - - - - - - - - - - - - - - - .

Debit 323.902.Wellex Industries.83 Credit 323. General Journal For the year ended December 31. Inc. 2012 JV# JV-12-001 Account Name Cash in bank .38 .BDO Advances from TWGI Interest income To record advances from TWGI and interest income earned for the month of January 2012.45 44.946.

Wellex Industries. 2012 Month Reference Amount Balance . Inc. General Ledger .Cash in Bank For the year ended December 31.

2012 BOOKS 74.12/31/2011 Add (Deduct): Cash receipts for the month Cash disbursement for the month Unadjusted balance .Wellex Industries.83 Credit 323.25 Beginning Balance .474.946.002.472.527.472.87 (324.01/31/2012 Add (Deduct) reconciling items: Book reconciling items: Credit memo (advances from TWGI) Interest income . Bank reconciliation For the month ended January 31.45) 74. 2012 323. Debit 323.946.25 74.83 323.45 44.946.38 74.527.BDO Advances from TWGI Interest income To record advances from TWGI and interest income for the month (see JV-12-001).25 - Adjusting entry: Account Name Cash in bank . Inc.10) Bank reconciling items: Outstanding checks: Adjusted cash balance .83 (324.946.87 323.83 .002.902.58) BANK 74. 31.Jan.38 323.45) (249.902.48-11.472.45 44.net of tax (P55.

902.83 323. Inc.946.Wellex Industries.BDO Advances from TWGI Interest income To record advances from TWGI and interest income earned for the month of January 2012.45 44. 323. Journal Voucher No.38 Prepared By : Tess Verified By: _______________ Approved By: _____________ . Date: JV-12-001 1/31/2012 Account Code Particulars Debit (Dr ) Credit (Cr ) Cash in bank .

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