Journalize all entriesJournalize all closing entriesPrepare financial statement

1 . Receipt of allotment for: CO 1,000,000 700,000 MOOE 700,000 PS 100,000 FE TOTAL 2,500,000 Receipt of notice of Cash Allocation from DBM- P2,000,000 WN Obligation for PS, P500,000. Recording of expenses 400,000 Salaries 50,000 PERA 50,000 500,000 ADCOM 60,000 Less: Wtax Life & ret. Premiums 45,000 Pag-ibig premiums 6,000 115,000 Philhealth premiums 4,000 385,000 Net amount 5. Grant of cash advance for payroll-P385,000. 6. Liquidation of cash advance. Remittance of salary deductions, excluding withholding tax. Obligation for government share: Life & Ret. Contribution P60,000 Pag-ibig Contributions 6,000 Philhealth contributions 4,000 ECC Contributions 1,000 9 . Remittance of Government share. 10. Payment of one year rent, P60,000, less tax. 1 1. Payment of Meralco bill, P50,000, less tax. 12 . Payment of PLDT bill, P30,000, less tax. 13. 14. Granting of cash advance for travel, P50,000. 15 . Liquidation of cash advance for travel, P40,000. 16. Refund of excess cash advance. 17. Deposit of cash collection to BTr. 18. Establishment of Petty cash fund, P30,000. Replenishment of petty cash fund. Office supplies , P20,000 19. Postage & deliveries, P8,000 Purchase of Off