PARTICULARS

Cash - Collecting Officer

Petty Cash Fund
Cash - National Treasury-Modified Disbursement System
Cash in Bank - Local Currency - Current Account
Accounts Receivable
Allowance for Doubtful Accounts
Office Supplies Inventory
Construction Materials Inventory
Other Current Assets
Investment in Stocks
Land
Office Buildings
Accumulated Depreciation - Office Building
Office Equipments
Accumulated Depreciation - Office Equipment
Furnitures and Fixtures
Accumulated Depreciation - Furnitures and Fixtures
IT Equipment and Software
Accumulated Depreciation - IT Equipment and Software
Advances for Payroll
Advances to Special Disbursing Officer
Construction in Progress - Bldg & Other Structures
Due to National Government
Due from Officers and Employess
Accounts Payable
Due to BIR
Due to GSIS
Due to PAG-IBIG
Due to Philhealth
Other Payables
Government Equity
Subsidy from National Government
Sales Revenue
Miscellaneous Income
Permit Fees
Salaries and Wages - Regular
Personal Economic Relief Assistance (PERA)
Additional Compensation
Life and Retirement Insurance Contributions
PAG-IBIG Contributions

PHILHEALTH Contributions
Employees Compensation Insurance Premium (ECIP)
Travelling Expenses - Local
Office Supplies Expense
Electricity Expense
Telephone Expenses - Landline
Janitorial Services Expenses
Security Services Expenses
Repairs and Maintenance-Office Building
Depreciation - Office Building
Depreciation - Office Equipment
Depreciation - Furniture and Fixtures
Depreciation - IT Equipment Software
Totals

For the Year 2

ACCOUNT CODE

Pre-Closing Trial Balance

DEBIT
CREDIT
500,000.00
300,000.00
1,200,000.00
400,000.00
120,000.00
20,000.00
30,000.00
15,000.00
100,000.00
900,000.00
600,000.00
50,000.00
300,000.00
20,000.00
110,000.00
10,000.00
190,000.00
25,000.00

185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
4,070,000.00
1,100,000.00

320,000.00
40,000.00
40,000.00
60,000.00
10,000.00

10,000.00
35,000.00
60,000.00
75,000.00
45,000.00
30,000.00
35,000.00
65,000.00
15,000.00
10,000.00
5,000.00
5,000.00
5,625,000.00

5,625,000.00

For the Fiscal Y

For the Year 2015
Closing Entries
DEBIT
CREDIT

Post-Closing Trial Balance

DEBIT
500,000.00
300,000.00
1,200,000.00
400,000.00
120,000.00
30,000.00
15,000.00
100,000.00
900,000.00
600,000.00
300,000.00
110,000.00
190,000.00

240,000.00
1,100,000.00

320,000.00
40,000.00
40,000.00
60,000.00
10,000.00

10,000.00

1,100,000.00

35,000.00
60,000.00
75,000.00
45,000.00
30,000.00
35,000.00
65,000.00
15,000.00
10,000.00
5,000.00
5,000.00
1,100,000.00

4,765,000.00

Agency MNO
Working Paper
For the Fiscal Year Ended December 31, 2015 and 2016

st-Closing Trial Balance

CREDIT

Transactions for 2016

DEBIT
CREDIT
5,000.00
25,500,300.00
1,050,000.00

20,000.00
70,000.00

50,000.00
20,000.00
420,000.00
10,000.00
100,000.00
25,000.00

20,000.00

40,000.00
200,000.00
85,000.00
185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
4,310,000.00
27,151,500.00
450,000.00
280,000.00
320,000.00
460,000.00
40,000.00

24,000.00

90,000.00
55,200.00

72,000.00
180,000.00

4,765,000.00

28,306,500.00

28,306,500.00

5 and 2016

Pre-Closing Trial Balance

DEBIT
CREDIT
495,000.00
300,000.00
26,700,300.00
1,450,000.00
120,000.00
20,000.00
30,000.00
70,000.00
15,000.00
100,000.00
900,000.00
600,000.00
50,000.00
300,000.00
20,000.00
530,000.00
10,000.00
90,000.00
5,000.00

40,000.00
200,000.00
85,000.00
185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
4,310,000.00
27,151,500.00
450,000.00
280,000.00
320,000.00
460,000.00
40,000.00

24,000.00

For the Year 2016

Adjusting Entries
DEBIT

90,000.00
55,200.00

72,000.00
180,000.00

32,946,500.00

32,946,500.00

15,000.00
10,000.00
24,091.00
2,368.42
51,459.42

For the Year 2016

Adjusting Entries
CREDIT

15,000.00
10,000.00
24,091.00
2,368.42

Adjusted Trial Balance

DEBIT
CREDIT
495,000.00
300,000.00
26,700,300.00
1,450,000.00
120,000.00
20,000.00
30,000.00
70,000.00
15,000.00
100,000.00
900,000.00
600,000.00
65,000.00
300,000.00
30,000.00
530,000.00
34,091.00
90,000.00
7,368.42

40,000.00
200,000.00
85,000.00
185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
4,310,000.00
27,151,500.00
450,000.00
280,000.00
320,000.00
460,000.00
40,000.00

24,000.00

90,000.00
55,200.00

72,000.00
180,000.00

51,459.42

15,000.00
10,000.00
24,091.00
2,368.42
32,997,959.42

32,997,959.42

Closing Entries
DEBIT

CREDIT

Post-Closing Entries
DEBIT
CREDIT
495,000.00
300,000.00
26,700,300.00
1,450,000.00
120,000.00
20,000.00
30,000.00
70,000.00
15,000.00
100,000.00
900,000.00
600,000.00
65,000.00
300,000.00
30,000.00
530,000.00
34,091.00
90,000.00
7,368.42

40,000.00
200,000.00
85,000.00

27,828,840.58
27,751,500.00
450,000.00
280,000.00
320,000.00
460,000.00
40,000.00

24,000.00

185,000.00
50,000.00
30,000.00
25,000.00
25,000.00
15,000.00
31,538,840.58

90,000.00
55,200.00

72,000.00
180,000.00

28,801,500.00

15,000.00
10,000.00
24,091.00
2,368.42
28,801,500.00

32,025,300.00

32,025,300.00

Debit

Cash - Collecting Officer

Credit
1,050,000.00
1,050,000.00
10,000,000.00
10,000,000.00
5,000.00

11,050,000.00

Debit

300,000.00

11,055,000.00
5,000.00

Allowance for Doubtful Accounts

Credit

Debit

Petty Cash Fund

Debit

Office Supplies Inventory

Debit

Office Buildings
Credit

Accumulated Depreciation - Furnitures and

Fixtures
Debit
Credit

300,000.00
300,000.00

Accumulated Depreciation - Office Building

Debit

IT Equipment and Software

Debit

Debit

Advances to Special Disbursing Officer

Credit
36,000.00
36,000.00

36,000.00
-

Debit

Debit

Construction in Progress - Bldg & Other

Structures
Debit
40,000.00

36,000.00

Accounts Payable
Credit

40,000.00
40,000.00

Due to BIR
Debit

70,000.00
420,000.00

420,000.00
70,000.00

147,200.00
42,000.00
11,000.00

490,000.00

490,000.00
-

200,200.00

Other Payables
Credit

Government Equity

Debit

Government Equity
Credit

Life and Retirement Insurance Contributions

Debit
Credit

PAG-IBIG Contributions
Debit
24,000.00

Debit

Electricity Expense
Credit
72,000.00

Telephone Expense - Landline

Debit
180,000.00

72,000.00
72,000.00

Debit

Debit

Depreciation- Office Building

Credit

24,000.00
24,000.00

180,000.00
180,000.00

Depreciation - Office Equipment

Debit

Sales Revenue
Credit

Miscellaneous Income
Debit

450,000.00

450,000.00
450,000.00

ASSETS

Cash - National Treasury-Modified Disbursement

System
Debit
Credit
169,200.00
17,698,500.00
500,000.00
10,000,000.00
63,000.00
36,000.00
200,000.00
252,000.00
378,000.00

Petty Cash Fund

Credit

ffice Supplies Inventory

Credit

27,698,500.00
25,500,300.00

Debit

ed Depreciation - Office Building

Credit

quipment and Software

Credit
100,000.00

Other Current Assets

Credit

Debit

600,000.00
2,198,200.00

Office Equipment
Credit

Accumulated Depreciation - IT Equipment and

Software
Debit
Credit
20,000.00

100,000.00
100,000.00

ion in Progress - Bldg & Other

Structures
Credit

20,000.00
20,000.00

Debit

Due to National Government

Credit
200,000.00

200,000.00
200,000.00

LIABILITIES

Due to BIR
Credit

Debit
147,200.00
42,000.00
7,000.00
4,000.00
200,200.00
-

Due to GSIS
Credit
55,200.00

55,200.00

55,200.00

55,200.00
-

EQUITY

Salaries and Wages - Regular

Debit

Salaries and Wages - Regular

Credit
460,000.00

460,000.00
460,000.00

AG-IBIG Contributions
Credit

Debit

PHILHEALTH Contributions
Credit
90,000.00

hone Expense - Landline

Credit

90,000.00
90,000.00

Debit

eciation - Office Equipment

Credit

Janitorial Services Expenses

Credit

Depreciation - Furnitures and Fixtures

Debit
Credit

Miscellaneous Income
Credit

Debit
280,000.00

Income from Grants and Donations

Credit
10,000,000.00

###

280,000.00
280,000.00

10,000,000.00

10,000,000.00
-

Cash in Bank - Local Currency - Current

Account
Debit
Credit

Accounts Receivable
Debit

1,050,000.00

1,050,000.00
1,050,000.00

Debit

Investment in Stocks
Credit

Land
Debit

Accumulated Depreciation - Office Equipment

Debit
Credit

Furnitures and Fixtures

Debit
420,000.00

Debit

Construction Material Inventory

Credit
70,000.00

420,000.00
420,000.00

Advances for Payroll

Debit
500,000.00

70,000.00
70,000.00

Debit

500,000.00
-

Due from Officers and Employess

Credit
5,000.00
80,000.00

85,000.00
85,000.00

Debit

Due to PAG-IBIG
Credit

Due to Philhealth
Debit

24,000.00

24,000.00

90,000.00

24,000.00

24,000.00
-

90,000.00

Personnel Economic Relief Assistance ( PERA)

Additional Compensation

Personnel Economic Relief Assistance ( PERA)

Debit
Credit

Additional Compensation
Debit

40,000.00

40,000.00
40,000.00

Debit

Travelling Expenses - Local

Credit

Office Supplies Expense

Debit

Debit

Security Services Expenses

Credit

Employyes Compensation Insurance Premiums

(ECIP)
Debit
55,200.00

Depreciation- - IT Equipment and Software

Debit
Credit

Debit

Repairs and Maintenance - Office Building

Debit

Permit Fees
Credit
320,000.00

55,200.00
55,200.00

Subsidy Income from National Government

Debit

600,000.00

320,000.00
320,000.00

600,000.00

Accounts Receivable
Credit

Land
Credit

urnitures and Fixtures

Credit

Advances for Payroll

Credit
183,600.00
316,400.00

500,000.00

Due to Philhealth
Credit

dditional Compensation

90,000.00

90,000.00
-

dditional Compensation
Credit

ffice Supplies Expense

Credit

nd Maintenance - Office Building

Credit

ompensation Insurance Premiums

(ECIP)
Credit

ome from National Government

Credit

17,698,500.00
42,000.00
11,000.00
10,000,000.00
27,751,500.00
27,151,500.00