Problem 1

Agency AAA received the following NCA for CY 2020:

Personal Services

P 10,000,000

MOOE

7,000,000

Capital Outlay

100,000,000

In the month of February, the Agency had an obligation for Personal Services amounting to P800,000. Payroll details is as follows:

Salaries

P 700,000

PERA (Personnel Economic Relief Allowance

100,000

Total

P 800,000

Less: Salary Deductions

Withholding Tax

P 80,000

GSIS Contribution

80,000

Pag-ibig Contribution

15,000

Philhealth Contribution

10,000

185,000

Net Amount

615,000

1. The entry to set up payable to officers and employees upon approval of payroll should be

2. The entry for the grant of cash advance for payroll should be

3. The entry for the liquidation of payroll fund should be