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Transactions of a certain government agency:
The breakdown is as follows:
Salaries and wages 450,000
PERA 50,000
Gross Compensation 500,000
Withholding Tax 125,000
GSIS 25,000
Pag-ibig 20,000
PHIC 12,000
Total salary deductions 182,000
Required:
Problem 1: Record the above transactions or events. If no journal entry is needed, state the registry or other document where the transaction or event is recorded.
Problem 2: How much is reported as unreleased appropriation in the entity's Budget Accountability Report?
Problem 3: How much is reported as unobligated allotment in the entity's Budget Accountability Report?
Problem 4: How much is reported as Not yet Due and Demandable Obligations in the entity's Budget Accountability Report?
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