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Problem 3-5 Answer

The document contains accounting entries with debits and credits related to a government agency. It includes items like salaries, supplies, accounts payable, receivables, remittances, and subsidies. The entries show money flowing in and out of the agency through various accounts.

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29 views

Problem 3-5 Answer

The document contains accounting entries with debits and credits related to a government agency. It includes items like salaries, supplies, accounts payable, receivables, remittances, and subsidies. The entries show money flowing in and out of the agency through various accounts.

Uploaded by

askmoko
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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PROBLEM 3-5, PAGE 108

a. No Entry RAPAL
b. No Entry RAPAL RAOD
c. No Entry ORS, RAOD
d. Cash-MDS, Regular 850,000.00
Subsidy from NG 850,000.00
e. Salaries and Wages 450,000.00
PERA 50,000.00
Due to BIR 125,000.00
Due to GSIS 25,000.00
Due to HDMF 20,000.00
Due to Philhealth 12,000.00
Due to Officers and Employees 318,000.00
f. Advances for Payroll 318,000.00
Cash-MDS, Regular 318,000.00
g. Due to Officers and Employees 318,000.00
Advances for Payroll 318,000.00
h. Office Supplies Inventory 200,000.00
Accounts Payable 200,000.00
i. Accounts Payable 180,000.00
Due to BIR 10,000.00
Cash-MDS, Regular 170,000.00
j. Cash-Tax Remittance Advice 135,000.00
Subsidy from NG 135,000.00
Due to BIR 135,000.00
Cash-Tax Remittance Advice 135,000.00
k. Due to GSIS 25,000.00
Due to HDMF 20,000.00
Due to Philhealth 12,000.00
Cash-MDS, Regular 57,000.00
l. Accounts Receivable 200,000.00
Power Supply System Fees 200,000.00
m. Cash-Collecting Officer 200,000.00
Accounts Receivable 200,000.00
Cash-Treasury/Agency Deposit, Regular 200,000.00
Cash-Collecting Officer 200,000.00
n. Subsidy from NG 305,000.00
Cash-MDS, Regular 305,000.00

o. Appropriation 1,000,000
Allotment -980000
20,000

p. Allotment 980,000
Obligation -880,000
100,000

q. Obligation 880,000.00
Disbursements:
Compensation (500,000.00)
Office Supplies (200,000.00)
180,000.00
Cash-MDS, Regular
850,000.00
318,000.00
170,000.00
57,000.00
305,000.00

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