Account Title UACS Code Debit

Credit

CY 2015

1. March 31
Land 1060101000 1,000,000
Accounts Payable 2010101000

To recognize the purchase of land from ZJ Corporation

2. April 15
Accounts Payable 2010101000 1,000,000
950,000
Cash- MDS, Regular 1010404000
950,000
Due to BIR 2020101000

To recognize the payment for the purchase of land from ZJ Corporation

3. April 30
Advances to Constructor 1990201000 675,000
50,000
Cash – MDS, Regular 1010404000

To recognize payment of mobilization fee to Valerie Corporation.

4. June 10
Office Equipment 1060502000 190,000
675,000
Accounts Payable 2010101000
190,000
To recognize receipt of the following Office Equipment purchased from Procurement Services:

No of Unit Type of Office Equipment Amount

1 Vault P25,000
2 Air conditioning Unit 35,000
2 Floor Polisher 30,000
2 Copying Machine 100,000
Total P190,000

5. June 1
ICT Equipment 1060503000 350,000
Accounts Payable 2010101000 350,000
 To recognize the receipt of the following ICT Equipment purchased from JD Enterprise.

No of Unit Type of Office Equipment Amount

1 Computer Server P150,000
4 Computer Desktop 200,000
Total P350,000

Account Title UACS Code Debit Credit

6. June 25
Accounts Payable 2010101000 350,000
Due to BIR 2020101000 18,750
Cash – MDS, Regular 1010404000 331,250
To recognize payment of ICT Equipment purchased from JD Enterprise

7. June 25
Accounts Payable 2010101000 190,000
Due to BIR 2020101000 10,178.57
Cash – MDS, Regular 1010404000 179,821.43
To recognize payment of Office Equipment purchased from Procurement Services.

8. June 30
Construction in Progress-Buildings and Other 1061003000 1,500,000
Structures
Accounts Payable 2010101000 1,500,000
To recognize the 1ST billing of Valerie Corporation.

9. June 30
Depreciation Expense-Office Equipment 5050105002 2,810.43
Depreciation Expense-ICT Equipment 5050105003 5,145.85
Accumulated Depreciation-Office Equipment 1060502100 2,810.43
Accumulated Depreciation-ICT Equipment 1060503100 5,145.85
To recognized depreciation for the month of June, 2015

10. July 10
Accounts Payable 2010101000 1,500,000
Due to BIR 2020101000 93,750
Advances to Constructor 1990201000 225,000
Guaranty/Security Deposits Payable 2040104000 150,000
Cash- MDS, Regular 1010404000 1,031250
To recognize the payment for the 1ST billing of Valerie Corporation.

11. July 30
Depreciation Expense-Office Equipment 5050105002 2,810.43
Depreciation Expense-ICT Equipment 5050105003 5,145.85
Accumulated Depreciation-Office Equipment 2020101000 2,810.43
Accumulated Depreciation-ICT Equipment 1060503100 5,145.85
To recognized depreciation for the month of July, 2015

12. August 31
Construction in Progress - Buildings and Other Structures 1061003000 1,500,000
Accounts Payable 2010101000 1,500,000
To recognize the 2nd billing of Valerie Corporation

13. August 30 Debit Credit

Depreciation Expense-Office Equipment 5050105002 2,810.43
Depreciation Expense-ICT Equipment 5050105003 5,145.85
Accumulated Depreciation-Office Equipment 2020101000 2,810.43
Accumulated Depreciation-ICT Equipment 1060503100 5,145.85
To recognized depreciation for the month of July, 2015

14. September 10
Accounts Payable 2010101000 1,500,000
Due to BIR2020101000 93,750
Advances to Constructor 1990201000 225,000
Guaranty/Security Deposits Payable2040104000 150,000
Cash- MDS, Regular 1010404000 1,031250
To recognize the payment for the 2nd billing of Valerie Corporation.

15. September 30
Depreciation Expense-Office Equipment 5050105002 2,810.43
Depreciation Expense-ICT Equipment 5050105003 5,145.85
Accumulated Depreciation-Office Equipment 2020101000 2,810.43
Accumulated Depreciation-ICT Equipment 1060503100 To recognized depreciation for the
month of September, 2015

16. October 30
Depreciation Expense-Office Equipment 5050105002 2,810.43
Depreciation Expense-ICT Equipment 5050105003 5,145.85
Accumulated Depreciation-Office Equipment 2020101000 2,810.43
Accumulated Depreciation-ICT Equipment 1060503100 5,145.85
To recognized depreciation for the month of October, 2015
17. November 30
Construction in Progress - Buildings and Other Structures 1061003000 1,500,000
Accounts Payable 2010101000 1,500,000
To recognize the final billing of Valerie Corporation

18. November 30
Depreciation Expense-Office Equipment 5050105002 2,810.43
Depreciation Expense-ICT Equipment 5050105003 5,145.85
Accumulated Depreciation-Office Equipment 2020101000 2,810.43
Accumulated Depreciation-ICT Equipment 1060503100 5,145.85
To recognized depreciation for the month of November, 2015

19. December 10
Accounts Payable 2010101000 1,500,000
Due to BIR 2020101000 93,750
Advances to Constructor 1990201000 225,000
Guaranty/Security Deposits Payable 2040104000 150,000
Cash- MDS, Regular 1010404000 1,031250
To recognize the payment for the final billing to Valerie Corporation.

Building 1060401000 4,500,000

Construction in Progress - Buildings 1061003000 4,500,000
and other Structures
To recognize the building based on the Project Accomplishment Report submitted by Valerie
Corporation

20. December 30
Depreciation Expense-Office Equipment 5050105002 2,810.43
Depreciation Expense-ICT Equipment 5050105003 5,145.85
Depreciation Expense-Buildings 5050104001 11,875.00
Accumulated Depreciation-Office Equipment 2020101000 2,810.43
Accumulated Depreciation-ICT Equipment 1060503100 5,145.85
Accumulated Depreciation-Building 1060401100 11,875.00
To recognized depreciation for the month of December, 2015