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Answer the problem in the picture and use these following entries 2. An inventory office supplies account has a beginning balance of P 140,750 .

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Answer the problem in the picture and use these following entries
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2. An inventory office supplies account has a beginning balance of P 140,750 . A purchase was made from the Procurement Service amounting to P750,000. All these supplies were delivered after payment. Three months later, MRSMI showed that 55% of office supplies were reported issued and used in operation and recorded in the books. a. Record the purchase, deliveries and issuances to the end-users. b. Determine the balance of Office Supplies at year end. List of account titles and account code for your reference: 10101010 Cash - collecting officer 50101010 Salaries and wages - regular 10101020 Petty Cash 50102020 PERA 10104010 Cash - Treas/Agency deposit, regular 50102130 Overtime and night pay 10104040 Cash-MDS, Regular 50103010 Life and ret contribution 10104070 Cash - TRA 50103020 Pag-ibig contribution 10303010 Due from NGA 50103030 PhilHealth contribution 10399020 Due from officers and employees 50103040 ECC insurance premium 10404010 Office Supplies inventory 50201010 Travelling expenses 19901020 Advances for Payroll 50202010 Traininbg expenses 19901040 Advances to officers and employees 50203010 Office supplies expense 20101010 Accounts Payable 50204020 Electricity expense 20101020 Due to Officers and Employees 50204010 Water expense 20201010 Due to BIR 50299040 Transportation and delivery 20201020 Due to GSIS expense 20201030 Due to Pag-ibig 50205010 Postage and courier 20201040 Due to PhilHealth

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