Prepare Journal Entries for the following transactions:

1. The agency collected the following thru its collecting officer:

Import Duties P350,000.00

Fines and Penalties Taxes on Goods and Services P5,500.00

Prepare the journal entries for the following: a. Collection of collecting officer b. Remittance to Bureau of Treasury c. Direct deposit thru Authorized Government depository banks

2. The collecting RCD 2015-01-001 showed the following amounts:

OR No. 1-00001 Permit Fees 5,000.00

OR No. 1-00002 Registration Fees 1,000.00

OR No. 1-00003 Clearance and Certification Fees 500.00

OR No. 1-00004 Processing Fees 2,500.00

Prepare the entries to record the collection.