p.

366 #2
PETTY CASH BOOK

PETTY CASH FUND

DATE EXPLANATION PCV NO. RECEIPT PAYMENT
Nov. 01 Established fund check no. 98341 2,000
3 Magazine subscription 1 300
4 Purchased merchandise to City Delivery Service 2 650
6 Bought supplies to Corona Bazar 3 350
Payment to Globe Network 4 250
8 Cash advance 5 200
11 Sold to United Delivery 6 150
2000 1900
Balance 100
2000 2000
Balance 100
12 Replenishment 1900

p. 367 #3
PETTY CASH BOOK

PETTY CASH FUND

DATE EXPLANATION PCV NO. RECEIPT PAYMENT
Nov. 13 Increase fund check no. 98380 3,000
14 Payment to Roman Diaz 7 500
15 Payment to Corona Bazar 8 350
17 Payment to Bella Posadas 9 120
18 Payment to Manila Freight Cargo 10 420
19 Payment to Mario Lising 11 250
20 Payment to Meralco 12 1,200
3,000 2840
Balance 160
3,000 3000
Balance 160
21 Replenishment 2,840
p. 368 #7
Pedro Gil Luncheonette
Bank Reconciliation Statement
31-Jan-18
(Amounts in Php)

Unadjusted Balance per Books

Less: Service Charge 55
Dishonored Check of customer 680
Adjusted Balance per Books

Unadjusted Balance per Bank

Add: Deposit in Transit
Total
Less: Outstanding Checks
Check No. 73 2,492
Check No. 76 681
Adjusted Balance per Bank

p. 369 #3
Sunset Studio
Bank Reconciliation Statement
28-Feb-12
(Amounts in Php)

Unadjusted Balance per Books

Add: Error in recording repairs & maintenance expense
Total
Less: Service Charge 5.5
Dishonored Check of customer 292
Adjusted Balance per Books

Unadjusted Balance per Bank

Add: Deposit in Transit
Total
Less: Outstanding Checks
Check No. 156 62.8
 Check No. 262 80
Check No. 264 14.3
Adjusted Balance per Bank

p. 369 #4
Boulevard Sales Company
Bank Reconciliation Statement
31-Mar-18
(Amounts in Php)

Unadjusted Balance per Books

Add: Note Collected
Face Value 7,500
Interest 400
Total 7900
Less: Collection Charges 100
Total
Less: Service Charge 125
Dishonored Check of customer 700
Adjusted Balance per Books

Unadjusted Balance per Bank

Add: Deposit in Transit
Total
Less: Outstanding Checks
Check No. 124 2,500
Check No. 126 950
Adjusted Balance per Bank

p. 547 A
Johnny Company
Bank Reconciliation Statement
31-Dec-19
(Amounts in Php)

Unadjusted Balance per Books

Add: Note Collected
Total
Less: Service Charge 45
Dishonored Check of customer 378
Total

Unadjusted Balance per Bank

Add: Deposit in Transit
Total
Less: Outstanding Checks
Total

p. 548 B
Nutritious Company
Bank Reconciliation Statement
31-May-19
(Amounts in Php)

Unadjusted Balance per Books

Add: Note Collected 15120
Accounts Receivable 90
Total
Less: Service Charge 60
Dishonored Check of customer 2167
Adjusted Balance per Books

Unadjusted Balance per Bank

Add: Deposit in Transit 1570
Accounts Payable 7000
Total
Less: Outstanding Checks
Total

Handout: A
ELMA Company
Bank Reconciliation Statement
30-Nov-18
(Amounts in Php)

Unadjusted Balance per Books

Add: Note Collected
Total
Less: Service Charge 60
Error in recording cash sales 1000
Dishonored Check of customer 1600
Adjusted Balance per Books

Unadjusted Balance per Bank

Add: Deposit in Transit
Total
Less: Outstanding Checks
Total

Handout: B
Big Brothers Co.
Bank Reconciliation Statement
Septeber 30, 2018
(Amounts in Php)

Unadjusted Balance per Books

Add: Note Collected
Principal 525
Interest 15
Total 540
Less: Collection Charges 3.2
Total
Less: Service Charge 47.8
Dishonored Check of customer 150
Adjusted Balance per Books

Unadjusted Balance per Bank

Add: Deposit in Transit 1641
Accounts Payable 325
Total
Less: Outstanding Checks
Adjusted Balance per Bank

Handout: C
Double S Company
Bank Reconciliation Statement
30-Apr-18
(Amounts in Php)

Unadjusted Balance per Books

Add: Note Collected
Principal
Interest
Total
Less: Service Charge
Accounts Payable
Dishonored Check of customer
Adjusted Balance per Books
Unadjusted Balance per Bank
Add: Accounts Receivable
Total
Less: Outstanding Checks
Adjusted Balance per Bank

Handout: D
Green Pastures Co.
Bank Reconciliation Statement
30-Nov-19
(Amounts in Php)

Unadjusted Balance per Books

Add: Note Collected
Total
Less: Service Charge 650
Dishonored Check of customer 11750
Accounts Payable 4500
Adjusted Balance per Books

Unadjusted Balance per Bank

Add: Deposit in Transit 115200
Accounts Payable 12300
Total
Less: Outstanding Checks
Adjusted Balance per Bank
TY CASH BOOK

DISTRIBUTION OF PAYMENT
FREIGHT IN FREIGHT OUT SUPPLIES SUNDRY ACCOUNT TITLE AMOUNT

Subscription Expense 300

650
350
Communication Expense 250
Advances to Employees 200
150
650 150 350 750

TY CASH BOOK

DISTRIBUTION OF PAYMENT
FREIGHT IN FREIGHT OUT SUPPLIES SUNDRY ACCOUNT TITLE AMOUNT

Repairs & Maintenance Expense 500

350
Transportation Expense 120
420
Representation Expense 250
Utilities Expense 1,200
420 350 2070
 AJE:
Bank Service Charge 55
Accounts Receivable 680
Cash in Bank 735

58,457

735
57722

57,446
3,449
60895

3173
57722

AJE:
Cash in Bank 18
Repairs & Maintenance Expense

Bank Service Charge 5.5

7,074.04 Accounts Receivable 292
18 Cash in Bank
7092.04

297.5
6794.54

6,483.64
468
6951.64
 157.1
6794.54

AJE:
Cash in Bank 7,800
Bank Service Charge 100
Interest Income 400
Notes Receivable 7,500
88,430
Bank Service Charge 125
Accounts Receivable 700
Cash in Bank 825

7800
96230

825
95405

86,855
12,000
98855

3450
95405

AJE:
Cash in Bank 6525
Interest Income 50
Notes Receivable 6475

63,675 Bank Service Charge 45

6525 Accounts Receivable 378
70200 Cash in Bank 423

423
69777

73,350
 4158
77508
7731
69777

AJE:
Cash in Bank 15,210
Interest Income 120
Notes Receivable 15000
Accounts Receivable 90
5990
Bank Service Charge 60
15210 Accounts Receivable 2167
21200 Cash in Bank 2227

2227
18973

20,380

8570
28950
9977
18973

AJE:
Cash in Bank 2000
Notes Receivable 2000

Sales 1000
11200 Bank Service Charge 60
2000 Accounts Receivable 1600
13200 Cash in Bank 2660

2660
10540

9250
2390
11640
 1100
10540

AJE:
Cash in Bank 536.8
Bank Service Charge 3.2
Interest Income 15
Notes Receivable 525
8931.4
Bank Service Charge 47.8
Accounts Receivable 150
Cash in Bank 197.8

536.8
9468.2

197.8
9270.4

8365.9

1966
10331.9
1061.5
9270.4

AJE:
nt Cash in Bank 1620
Notes Receivable 1620

Bank Service Charge 200

1204 Accounts Payable 270
Accounts Receivable 580
1500 Cash in Bank 1050
120 1620
2824
200
270
580 1050
1774
 2822
932
3754
1980
1774

AJE:
Cash in Bank 78956
Notes Receivable 78956

Bank Service Charge 650

59789 Accounts Receivable 11750
78956 Accounts Payable 4500
138745 Cash in Bank 16900

16900
121845

57895

127500
185395
63550
121845
AJE:
Nov.1 Petty Cash Fund 2,000
Cash in Bank 2,000
To establish PCF

Nov. 12 Subscription Expense 300

Freight In 650
Supplies 350
Communication Expense 250
Advances to Employees 200
Freight out 150
Cash in Bank 1900
To replenish PCF

AJE:
Nov. 13 Petty Cash Fund 3,000
Cash in Bank 3,000
To increase PCF

21 Repairs & Maintenance Expense 500

Supplies 350
Transportation Expense 120
Freight In 420
Representation Expense 250
Utilities Expemse 1,200
Cash in Bank 2,840
To replenish PCF
 18

297.5
p. 388 #3

Raw Materials Inventory, August 1 20,750

Add: Net Cost of Purchases
Purchases 20,500
Freight In 475
Total 20975
Less: Purchases R&A 500
Purchase Discount 200 700 20275
Total Materials Available for Use 41025
Less: Raw Materials Inventory, August 31 15,900
Raw Materials Used 25125

p. 388 #4

Raw Materials Inventory, Beginning 36,500 Sales

Add: Net Cost of Purchases Less: Cost of Goods Sold
Purchases 50,000 Gross Profit
Total Materials Available for Use 86500 Less: Operating Expense
Less: Raw Materials Inventory, Au Ending 33,700 Net Income
Raw Materials Used 52800
Direct Labor 45,000
Factory Overhead 143,500
Total Manufacturing Costs 241,300
Add: Work in Process, Beginning 83,750
Total Cost Place in Process 325050
Less: Work in Process, Ending 74,450
Cost of Goods Manufactured 250600

p. 388 #5

Rollers Manufacturing Company Rollers Manufacturing

Statement of Cost of Goods Manufactured Income Statem
For the year ended, December 31, 2012 For the year ended Decem
(Amounts in Php) (Amounts in P

Raw Materials Inventory, Beginning 88,000 Sales

Add: Net Cost of Purchases Less: Sales R&A
Purchases 1,200,000 Sales Allowances
Freight In 28,000 Net Sales
 Total 1228000 Less: Cost of Goods Sold
Less: Purchases Discounts 14,400 1213600 Gross Profit
Total Materials Available for Use 1301600 Less: Operating Expense
Less: Raw Materials Inventory, Ending 95,000 Distribution Expense
Raw Materials Used 1206600 Sales Salaries
Direct Labor 1,500,000 Advertising Expense
Factory Overhead: Delivery Expense
Machine Repairs 12,250 Administrative Expense
Supervision 75,000 Office Supplies Used
Factory Heat, Light & Power 1,750,000 Office Salaries
Indirect Materials 15,500 1852750 Net Income
Total Manufacturing Costs 4559350
Add: Work in Process, Beginning 65,000
Total Cost Place in Process 4624350
Less: Work in Process, Ending 78,500
Cost of Goods Manufactured 4545850
Add: Finished Goods Inventory, Beginning 320,000
Total Goods Available for Sale 4865850
Less: Finished Goods Inventory, Ending 250,000
Cost of Goods Sold 4615850

p. 391 # 2

Sunshine Enterprises Suns

Statement of Cost of Goods Manufactured Statement of C
For the year ended, December 31, 2012 For the year e
(Amounts in Php) (Am

Direct Materials, January 1 70,000 Sales

Add: Net Cost of Purchases Less: Cost of Goods Sold
Purchases 137,500 Gross Profit
Freight in 9,000 Less: Operating Expense
Total 146500 Distribution Expense
Less: Direct Material Reutrns 6,500 140,000 Advertising Expense
Total Goods Available for Use 210000 Sales Salaries
Less: Direct Materials, December 31 80,000 Utilities
Raw Materials Used 130000 Taxes
Direct Labor 142500 Insurance
Factory Overhead: Depreciation
Indirect Labor 50,000 Administrative Expense
Factory Supplies Used 30,000 Administrative Salaries
 Utilities 15000 Bad Debts Expense
Taxes 21000 Utilities
Insurance 6000 Taxes
Depreciation 18000 140000 Insurance
Total Manufacturing Costs 412500 Depreciation
Add: Work in Process, January 1 15000 Net Income before Tax
Total Cost Place in Process 427500 Less: Income Tax
Less: Work in Process, December 31 42000 Net Income after Tax
Cost of Goods Manufactured 385500
Add: Finished Goods Inventory, January 1 109900
Total Goods Available for Sale 495400
Less: Finished Goods Inventory, December 31 155,000
Cost of Goods Sold 340400

p. 559 #60

Washington Company Wash

Statement of Cost of Goods Manufactured Statement of C
For the year ended, December 31, 2018 For the year e
(Amounts in Php) (Am

Direct Materials Inventory, Beginning 14000 Finished Goods Inventory, Beginni

Add: Net Cost of Purchases Add: Cost of Goods Manufactured
Direct Materials Purchases 35,500 Total Goods Available for Sale
Total Materials Available for Use 49500 Less: Finished Goods Inventory, En
Less: Direct Materials, Ending 13000 Cost of Goods Sold
Raw Materials Used 36500
Direct Labor 39000
Factory Overhead:
Factory Depreciation 6000
Indirect Labor 11500
Factory Taxes 5000
Factory Utilities 4000
Amortization of Patents 2750
Factory Insurance 4450 33700
Total Manufacturing Costs 109200
Add: Work in Process, Beginning 9000
Total Cost Place in Process 118200
Less: Work in Process, Ending 3000
Cost of Goods Manufactured 115200
Units Manufactured 800
Product cost per unit 144

p. 389 #6
 280,000 Finished Goods Inventory, Beginning
Less: Cost of Goods Sold 254,150 Add: Cost of Goods Manufactured
Gross Profit 25850 Total Goods Available for Sale
Less: Operating Expense 14,600 Less: Finished Goods Inventory, Ending
Net Income 11250 Cost of Goods Sold

Rollers Manufacturing Company

Income Statement
For the year ended December 31, 2012
(Amounts in Php)

6,000,000
Less: Sales R&A 18,500
Sales Allowances 25,000 43,500
5956500
Less: Cost of Goods Sold 4615850
Gross Profit 1340650
Less: Operating Expense
Distribution Expense
Sales Salaries 120,000
Advertising Expense 150,000
Delivery Expense 60,000 330000
Administrative Expense
Office Supplies Used 7850
Office Salaries 80,000 87850 417850
Net Income 922800

Sunshine Enterprises
Statement of Cost of Goods Manufactured
For the year ended, December 31, 2012
(Amounts in Php)

471000
Less: Cost of Goods Sold 340,400
Gross Profit 130600
Less: Operating Expense
Distribution Expense
Advertising Expense 16000
Sales Salaries 25000
Utilities 2500
Taxes 8750
Insurance 2000
Depreciation 6000 60250
Administrative Expense
Administrative Salaries 41000
 Bad Debts Expense 5000
Utilities 7500
Taxes 5250
Insurance 2000
Depreciation 6000 66750 127000
Net Income before Tax 3600
Less: Income Tax 1080
Net Income after Tax 2520

Washington Company Washington Com

Statement of Cost of Goods Manufactured Statement of Cost of Goods
For the year ended, December 31, 2018 For the year ended, Decem
(Amounts in Php) (Amounts in Ph

Finished Goods Inventory, Beginning 50,000

Add: Cost of Goods Manufactured 115200 Less: Sales Discounts
Total Goods Available for Sale 165200 Net Sales
Less: Finished Goods Inventory, Ending 36000 Less: Cost of Goods Sold
Cost of Goods Sold 129200 Gross Profit
Less: Operating Expenses
Distribution Expenses
Selling Expense
Advertising
Salesmen Commission
Freight Out
Administrative Expenses
Interest Expense
Administrative Expenses-Others
Bad Debts
Administrative Salaries
Net Loss
 25,450
250,600
276050
21,900
254150
 Washington Company
Statement of Cost of Goods Manufactured
For the year ended, December 31, 2018
(Amounts in Php)

192750
3910
188840
of Goods Sold 129200
59640
rating Expenses
ribution Expenses
lling Expense 14000
41300
lesmen Commission 20750
1200 77250
ministrative Expenses
nterest Expense 5000
dministrative Expenses-Others 20500
5500
dministrative Salaries 25000 56000 133250
-73610
A.
21-Mar Notes Receivable 70,000
Accounts Receivable 70,000

27-Mar Interest Receivable 466.67

Interest Income 466.67

Cash 70,249.67
Loss on Discounting of Notes 217
Notes Receivable Discounted 70,000
Interest Receivable 466.67

21-May Cash 70,466.67

Notes Receivable 70,000
Interest Receivable 466.67

Dec. 1 Notes Receivable Discounted 70,000

Notes Receivable 70,000

C. 1
Notes Receivable 200,000 MAturity Value:
Accounts Receivable 200,000 Discount:
Net Proceeds:
Gain/Loss:
 Maturity Value: 71,400
Discount: 1,150.33
Net Proceeds: 70,249.67
Gain/Loss: loss of 217

FV + Accrued Interest 70,466.67

MAturity Value: 210,000

10,500
Net Proceeds: 199,500
p. 145 #1
A. B.
Chavez, Lorna Basic Amount 0
Gross Pay 30,000 Over 1,602.90
Less: SS 640 Tax Liability 1,602.90
Philhealth 412.5
HDMF 100 1152.5
Net Taxable Income 28847.5

p.448 test 3 First half of April

Daily Machine Works

Payroll Sheet
Name Gross Earnings Withholding Tax SS PH HDMF Net Earnings
Waldo, Uy 20,000 10000 none 320 275 50 9,355
Baldo, Mira 26,000 13000 406.85 320 357.5 50 11,865.65
Clark, Ken 28,000 14000 604.1 320 385 50 12,640.90
74000 37000 1010.95 960 1017.5 150 33861.55

Waldo, Uy Baldo, Mira

Gross Pay 20,000 Gross Pay
Less: SS 640 Less: SS
Philhealth 275 Philhealth
HDMF 100 1015 HDMF
Net Taxable Income 18985 Net Taxable Income
Semi-Monthly Taxable Income 9492.5 Semi-Monthly Taxable Income

Basic Amount 0 Basic Amount

Over 0 Over
Tax Liability 0 Tax Liability

Journal Entry:
April 15 Salaries Expense 37,000
Withholding Tax Payable 1010.95
SS Premiums Payable 960
Philhealth Premiums Payable 1017.5
HDMF Premiums Payable 150
Cash 33861.55
 C.
Gross Pay 30,000
Less: Withholding Tax 1,602.90
SS 640
Philhealth 412.5
HDMF 100 2755.4
Take Home Pay 27244.6

Net Earnings Signature

9,355 /
11,865.65 /
12,640.90 /
33861.55 /

Clark, Ken
26,000 Gross Pay
640 Less: SS
357.5 Philhealth
100 1097.5 HDMF
24902.5 Net Taxable Income
thly Taxable Income 12451.25 Semi-Monthly Taxable Income

0 Basic Amount
406.85 Over
406.85 Tax Liability
 28,000
640
385
100 1125
26875
13437.5

0
604.1
604.1
 Employee Position Monthly Salary
Cruz, Jacob Manager 40,000
Fidel, Manuel Messenger 20,000
Sta. Ana, Rosana Clerk 29,000
Perez, Jaine Encoder 28,000

I. Tax Liability Computation

Cruz, Jacob
Gross Pay 40,000
Less: SS 640
Philhealth 550
HDMF 100 1290
Net Taxable Income 38,710.00
Semi-Monthly Taxable Income 19,355.00

Basic Amount 1,250

Over 672
Tax Liability 1,922.00

Sta. Ana, Rosana

Gross Pay 29,000
Less: SS 640
Philhealth 398.75
HDMF 100 1138.75
Net Taxable Income 27,861.25
Semi-Monthly Taxable Income 13,930.63

Basic Amount 0
Over 702.725
Tax Liability 702.725

II. Payroll Sheet

BNNQ Company
Payroll Sheet
March 1 to 15, 2019
Name Position Gross Pay Withholding Tax SS
Cruz, Jacob Manager 20,000 1,922 320
Fidel, Manuel Messenger 10,000 0 320
Sta. Ana, Rosana Clerk 14,500 702.725 320
Perez, Jaine Encoder 14,000 604.1 320
 58500 3228.825 1280

BNNQ Company
Payroll Sheet
March 16 to 31, 2019
Name Position Gross Pay Withholding Tax SS
Cruz, Jacob Manager 20,000 1,922 320
Fidel, Manuel Messenger 10,000 0 320
Sta. Ana, Rosana Clerk 14,500 702.725 320
Perez, Jaine Encoder 14,000 604.1 320
58500 3228.825 1280

III. Employer's Contribution

BNNQ Company
Employer's Contribution
31-Mar-19
Name SS Philhealth EC HDMF
Cruz, Jacob 1,280 550 10 100
Fidel, Manuel 1,280 275 10 100
Sta. Ana, Rosana 1,280 398.75 10 100
Perez, Jaine 1,280 385 10 100
5120 1608.75 40 400

IV. Summary of Total Contributions

BNNQ Company
Summary of Total Contributions
31-Mar-19
Name SS Philhealth
Employer Employee Employer Employee
Cruz, Jacob 1,280 640 550 550
Fidel, Manuel 1,280 640 275 275
Sta. Ana, Rosana 1,280 640 398.75 398.75
Perez, Jaine 1,280 640 385 385
5120 2560 1608.75 1608.75

V. Journal Entries
15-Mar Salaries Expense 58,500
Withholding Tax Payable 3,228.83
SS Premiums Payable 1,280
Philhealth Premiums Payable 804.375
HMDF Premiums Payable 200
Cash in Bank 52986.8
 31-Mar Salaries Expense 58,500
Withholding Tax Payable 3,228.83
SS Premiums Payable 1,280
Philhealth Premiums Payable 804.375
HMDF Premiums Payable 200
Advances to Employees 500
Cash in Bank 52486.8

31-Mar Salaries Premiums Expense 5120

Philhealth Premiums Expense 1608.75
HDMD Premiums Expense 400
EC Premiums Expense 40
Salaries Premiums Payable 5120
Philhealth Premiums Payable 1608.75
HDMF Premiums Payable 400
EC Premiums Payable 40

April 10 Withholding Tax Payable 6457.65

Cash in Bank 6457.65

SS Premiums Payable 7680

EC Premiums Payable 40
Cash in Bank 7640

Philhealth Premiums Payable 3217.5

Cash in Bank 3217.5

HMDF Premiums Payable 800

Cash in Bank 800

Name Position Monthly Salary

Duran, Liza Manager 50,000
Reyes, May Clerk 25,000
Paras, Juan Clerk 28,000
Miranda, Julio Encoder 29,000

I. Tax Liability Computation

Duran, Liza
Gross Pay 50,000
Less: SS 640
Philhealth 687.5
HDMF 100 1427.5
Net Taxable Income 48,572.50
Semi-Monthly Taxable Income 24,286.25

Basic Amount 1,250

Over 1,904.81
Tax Liability 3154.81

Paras, Juan
Gross Pay 28,000
Less: SS 640
Philhealth 385
HDMF 100 1125
Net Taxable Income 26875
Semi-Monthly Taxable Income 13437.5

Basic Amount 0
Over 604.1
Tax Liability 604.1

II. Payroll Sheet

BNNQ Company
Payroll Sheet
July 1 to 15, 2019
Name Position Gross Pay Withholding Tax SS
Duran, Liza Manager 25,000 3,154.81 320
Reyes, May Clerk 12,500 308.225 320
Paras, Juan Clerk 14,000 604.1 320
Miranda, Julio Encoder 14,500 702.725 320
66000 4769.86 1280

BNNQ Company
Payroll Sheet
July 16 to 31, 2019
Name Position Gross Pay Withholding Tax SS
Duran, Liza Manager 25,000 3,154.81 320
Reyes, May Clerk 12,500 308.225 320
Paras, Juan Clerk 14,000 604.1 320
Miranda, Julio Encoder 14,500 702.725 320
66000 4769.86 1280
III. Employer's Contribution

BNNQ Company
Employer's Contribution
31-Jul-19
Name SS Philhealth EC HDMF
Duran, Liza 1,280 687.5 10 100
Reyes, May 1,280 343.75 10 100
Paras, Juan 1,280 385 10 100
Miranda, Julio 1,280 398.75 10 100
5120 1815 40 400

IV. Summary of Total Contributions

BNNQ Company
Summary of Total Contributions
31-Mar-19
Name SS Philhealth
Employer Employee Employer Employee
Duran, Liza 1,280 640 687.5 687.5
Reyes, May 1,280 640 343.75 343.75
Paras, Juan 1,280 640 385 385
Miranda, Julio 1,280 640 398.75 398.75
5120 2560 1815 1815

Employer Employee Total

SS 5120 2560 7680
Philhealth 1815 1815 3630
HDMF 400 400 800

V. Journal Entries
15-Jul Salaries Expense 66,000
Withholding Tax Payable 4769.86
SS Premiums Payable 1280
Philhealth Premiums Payable 907.5
HDMF Tax Payable 200
Cash in Bank 58842.64

31-Jul Salaries Expense 66,000

Withholding Tax Payable 4769.86
SS Premiums Payable 1280
 Philhealth Premiums Payable 907.5
HDMF Tax Payable 200
Cash in Bank 58842.64

10-Aug Salaries Premiums Expense 5120

Philhealth Premiums Expense 1815
HDMF Premiums Expense 400
EC Premiums Expense 40
Salaries Premiums Payable 5120
Philhealth Premiums Payable 1815
HDMF Premiums Payable 400
EC Premiums Payable 40

Withholding Tax Payable 9539.72

Cash in Bank 9539.72

SS Premiums Payable 7680

EC Premiums Payable 40
Cash in Bank 7640

Philhealth Premiums Payable 3630

Cash in Bank 3630

HDMF Premiums Expense 800

Cash in Bank 800
 Fidel, Manuel
Gross Pay 20,000
Less: SS 640
Philhealth 275
HDMF 100 1015
Net Taxable Income 18,985.00
Semi-Monthly Taxable Income 9,492.50

Basic Amount 0
Over 0
Tax Liability 0

Jaime, Perez
Gross Pay 28,000
Less: SS 640
Philhealth 385
HDMF 100 1125
Net Taxable Income 26875
Semi-Monthly Taxable Income 13,437.50

Basic Amount 0
Over 604.1
Tax Liability 604.1

BNNQ Company
Payroll Sheet
March 1 to 15, 2019
Philhealth HDMF Total Deductions Net Pay Signature
275 50 2567 17,433.00
137.5 50 507.5 9,492.50
199.375 50 1272.1 13,227.90
192.5 50 1166.6 12,833.40
 804.375 200 5513.2 52986.8

BNNQ Company
Payroll Sheet
March 16 to 31, 2019
Philhealth HDMF Advances Total Deductions Net Pay
275 50 500 3,067.00 16,933.00
137.5 50 507.5 9,492.50
199.375 50 1272.1 13,227.90
192.5 50 1166.6 12,833.40
804.375 200 500 6013.2 52486.8

Total
1940
1665
1788.75
1775
7168.75

Q Company
Total Contributions
1-Mar-19
EC HDMF Total
Employer Employer Employee
10 100 100 3230
10 100 100 2680
10 100 100 2927.5
10 100 100 2900
40 400 400 11737.5
Reyes, May
Gross Pay 25,000
Less: SS 640
Philhealth 343.75
HDMF 100 1083.75
 Net Taxable Income 23916.25
Semi-Monthly Taxable Income 11958.125

Basic Amount 0
Over 308.225
Tax Liability 308.225

Miranda, Julio
Gross Pay 29,000
Less: SS 640
Philhealth 398.75
HDMF 100 1138.75
Net Taxable Income 27861.25
Semi-Monthly Taxable Income 13930.625

Basic Amount 0
Over 702.725
Tax Liability 702.725

BNNQ Company
Payroll Sheet
July 1 to 15, 2019
Philhealth HDMF Total Deductions Net Pay Signature
343.75 50 3868.56 21,131.44
171.875 50 850.1 11,649.90
192.5 50 1166.6 12,833.40
199.375 50 1272.1 13,227.90
907.5 200 7157.36 58842.64

BNNQ Company
Payroll Sheet
July 16 to 31, 2019
Philhealth HDMF Total Deductions Net Pay Signature
343.75 50 3868.56 21,131.44
171.875 50 850.1 11,649.90
192.5 50 1166.6 12,833.40
199.375 50 1272.1 13,227.90
907.5 200 7157.36 58842.64
 Total
2077.5
1733.75
1775
1788.75
7375

Q Company
Total Contributions
1-Mar-19
EC HDMF Total
Employer Employer Employee
10 100 100 3505
10 100 100 2817.5
10 100 100 2900
10 100 100 2927.5
40 400 400 12150
Signature