A. On January 16, 2017, DOST received their ARO that showed the following allotments as shown in the GAA for 2017: Personal Services P 80,000 Maintenance and Other Operating Expenses Capital Outlay 150,000 150,000 B. DOST incurred the following obligations and its adjustments: 1/29/2017 - Salaries and wages-reg. (obligated and paid) 2/06/2017 - CA for travelling exp-local (obligated and paid) 2/25/2017 - Repairs of office equipment-(obligated only) 3/10/2017 - Refunded the overpayment of salaries and Wages – regular 3/12/17 - DOST transfer allotment to DOST 7 representing the Salary of the project officer assigned in region 7 3/15/2017- Reimbursed the additional claim of travelling expenses 55,000 30,000 75 ,000 2,500 20,000 incurred due to an extended stay.(obligated only) 3/28/17 - 5 air-conditioning units were delivered and inspected, However, I unit was returned the following month 10,000 125,000 since it malfunctioned when it was installed. (Cost - P25,000 each unit). The total amount of P125,000 was obligated and included in the report.

A. On January 16, 2017, DOST received their ARO that showed the following allotments as shown in the GAA for 2017: Personal Services P 80,000 Maintenance and Other Operating Expenses Capital Outlay 150,000 150,000 B. DOST incurred the following obligations and its adjustments: 1/29/2017 - Salaries and wages-reg. (obligated and paid) 2/06/2017 - CA for travelling exp-local (obligated and paid) 2/25/2017 - Repairs of office equipment-(obligated only) 3/10/2017 - Refunded the overpayment of salaries and Wages – regular 3/12/17 - DOST transfer allotment to DOST 7 representing the Salary of the project officer assigned in region 7 3/15/2017- Reimbursed the additional claim of travelling expenses 55,000 30,000 75 ,000 2,500 20,000 incurred due to an extended stay.(obligated only) 3/28/17 - 5 air-conditioning units were delivered and inspected, However, I unit was returned the following month 10,000 125,000 since it malfunctioned when it was installed. (Cost - P25,000 each unit). The total amount of P125,000 was obligated and included in the report.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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