CASE PROBLEM 1 Instruction: Record the following transactions or events. If no journal entry is needed,...

 

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CASE PROBLEM 1 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. Your final output should be hand written and to be submitted as a PDF file. a. Receipt of notice of appropriation amounting to PI.000,000. b. Receipt of allotment from the DBM amounting to P980,000. e. 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 Personal Economic Relief Allowance (PERA) Gross compensation Withholding tax GSIS P. 450,000 50.000 500,000 P 125,000 25,000 Pag-ibig PhilHealth Total Salary deductions 20.000 12,000 182.000 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 other government agencies concerned. 1. 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. n. Reversion of unused NC'A. o. How much is reported as unreleased appropriation in the entity's Budget Accountability Report? p. How much is reported as unobligated allotiment in the entity's Budget Accountability Report? q. How much is reported as Not yet Due and Demandable Obligations in the entity's Budget Accountability Report? CASE PROBLEM 1 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. Your final output should be hand written and to be submitted as a PDF file. a. Receipt of notice of appropriation amounting to PI.000,000. b. Receipt of allotment from the DBM amounting to P980,000. e. 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 Personal Economic Relief Allowance (PERA) Gross compensation Withholding tax GSIS P. 450,000 50.000 500,000 P 125,000 25,000 Pag-ibig PhilHealth Total Salary deductions 20.000 12,000 182.000 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 other government agencies concerned. 1. 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. n. Reversion of unused NC'A. o. How much is reported as unreleased appropriation in the entity's Budget Accountability Report? p. How much is reported as unobligated allotiment in the entity's Budget Accountability Report? q. How much is reported as Not yet Due and Demandable Obligations in the entity's Budget Accountability Report? CASE PROBLEM 1 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. Your final output should be hand written and to be submitted as a PDF file. a. Receipt of notice of appropriation amounting to PI.000,000. b. Receipt of allotment from the DBM amounting to P980,000. e. 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 Personal Economic Relief Allowance (PERA) Gross compensation Withholding tax GSIS P. 450,000 50.000 500,000 P 125,000 25,000 Pag-ibig PhilHealth Total Salary deductions 20.000 12,000 182.000 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 other government agencies concerned. 1. 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. n. Reversion of unused NC'A. o. How much is reported as unreleased appropriation in the entity's Budget Accountability Report? p. How much is reported as unobligated allotiment in the entity's Budget Accountability Report? q. How much is reported as Not yet Due and Demandable Obligations in the entity's Budget Accountability Report? CASE PROBLEM 1 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. Your final output should be hand written and to be submitted as a PDF file. a. Receipt of notice of appropriation amounting to PI.000,000. b. Receipt of allotment from the DBM amounting to P980,000. e. 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 Personal Economic Relief Allowance (PERA) Gross compensation Withholding tax GSIS P. 450,000 50.000 500,000 P 125,000 25,000 Pag-ibig PhilHealth Total Salary deductions 20.000 12,000 182.000 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 other government agencies concerned. 1. 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. n. Reversion of unused NC'A. o. How much is reported as unreleased appropriation in the entity's Budget Accountability Report? p. How much is reported as unobligated allotiment in the entity's Budget Accountability Report? q. How much is reported as Not yet Due and Demandable Obligations in the entity's Budget Accountability Report?

Answer rating: 100% (QA)

Answer a Receipt of notice of appropriation amounting to P1000000 MEMO ENTRY IN RAOPSRAOMORAOCO and ... View the full answer