FPI 1ST QTR

8/2/2019 FPI 1ST QTR

1/30

Forum Pacific, Inc.

Cash Disbursement (January - March 2012)

For the 1st quarter of 2012

04-Jan-12 BDO Unibank, Inc. Payment for Dec2011 retainer's fee and OPE.

04-Jan-12 BDO FAO BIR Remittance of Dec2011 expanded withholding tax.

04-Jan-12 CASH Advances for processing FPI business permit & licenses

04-Jan-12 PSE Payment for 2012 annual listing fee.

16-Jan-12 City Treasurer of Pasig Payment for 2012 business permit.

TOTAL - JANUARY

SUMMARY JOURNAL ENTRY:

JANUARY Account Name

Advances to O&EExpanded withholding tax payable

Accounts payable - BDO

Taxes & licenses

Dues & subscription

Advances from TWGI

To record cash disbursement for the month of January.

ParticularsDate Payee


2/30

11050 (9,915.00)

11051 (1,000.00)

11052 4,160.00 (4,160.00)

11053 (280,000.00)

11107 (12,215.56)

- 4,160.00 (307,290.56)

Debit Credit

4,160.00 1,000.00

9,915.00

12,215.56

280,000.00

(307,290.56)

307,290.56 (307,290.56)

-

Check#CV# Advances to O&E

B A L A N C E

Advances to/from

AffiliatesCash in Bank


3/30

Compensation Expanded CCP BDO

9,915.00

1,000.00

- 1,000.00 - 9,915.00 - - -

Professional

Fee

Withholding Tax Payable Accounts Payable Accrued

Expense

S H E E T A C C O U N T S

Salaries &

Wages


4/30

Transportation Taxes & Printing & Meal Dues & Bank

& Travel Licenses reproduction Allowance Subscription Charges

280,000.00

12,215.56

- 12,215.56 - - 280,000.00 -

I N C O M E S T A T E M E N T A C C O U N T S


5/30

Misc. Office

Expense Supplies

--

-

-

-

- - -


6/30

Wellex Industries, Inc.

Cash Disbursement (April - June 2012)


TOTAL - APRIL

TOTAL - MAY

TOTAL - JUNE


Date Payee Particulars CV#


7/30

APRIL DebitAccount Name


8/30

Compensation Expanded SSS

- - - - -

- - - - -

- - - - -

- - - - -

B A L A N C E S H E E T A

Check# Cash in BankAdvances to/from

Affiliates

Withholding Tax Payable P


9/30

Credit


10/30

Philhealth HDMF CCP BDO

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

C C O U N T S I

emium Payables Accounts Payable Accrued

Expense

Salaries &

Wages

Professional

Fee


11/30


12/30

Transportation Taxes & Printing & Meal Office

& Travel Licenses reproduction Allowance Supplies

--

-

-

-

-

-

-

-

-

-

-

- - - - - -

-

-

-

-

-

-

-

-

-

-

-

-- - - - - -

-

-

-

-

-

-

-

-

-

--

-

- - - - - -

- - - - -

N C O M E S T A T E M E N T A C C O U N T S


13/30


Cash Disbursement (July - September 2012)


TOTAL - JULY

TOTAL - AUGUST

TOTAL - SEPTEMBER




14/30

JULY DebitAccount Name


15/30


- - - - -

- - - - -

- - - - -

- - - - -



Affiliates



16/30

Credit


17/30


- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

C C O U N T S I


Expense

Salaries &

Wages

Professional

Fee


18/30


19/30



--

-

-

-

-

-

-

-

-

-

-

- - - - - -

-

-

-

-

-

-

-

-

-

-

-

-- - - - - -

-

-

-

-

-

-

-

-

-

--

-

- - - - - -

- - - - -



20/30


Cash Disbursement (October - December 2012)


TOTAL - OCTOBER

TOTAL - NOVEMBER

TOTAL - DECEMBER




21/30

OCTOBER DebitAccount Name


22/30


- - - - -

- - - - -

- - - - -

- - - - -



Affiliates



23/30

Credit


24/30


- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

C C O U N T S I


Expense

Salaries &

Wages

Professional

Fee


25/30


26/30



--

-

-

-

-

-

-

-

-

-

-

- - - - - -

-

-

-

-

-

-

-

-

-

-

-

-- - - - - -

-

-

-

-

-

-

-

-

-

--

-

- - - - - -

- - - - -



27/30


General Journal

For the year ended December 31, 2012

JV# Debit Credit

JV-12-001 Cash in bank - BDO 323,946.83

Advances from TWGI 323,902.45

Interest income 44.38

To record advances from TWGI and interest

income earned for the month of January 2012.

Account Name


28/30


General Ledger - Cash in Bank

For the year ended December 31, 2012

Month Reference Amount Balance


29/30


Bank reconciliation

For the month ended January 31, 2012

BOOKS BANK

Beginning Balance - 12/31/2011 74,527.87 74,527.87

Add (Deduct):

Cash receipts for the month - 323,946.83

Cash disbursement for the month (324,002.45) (324,002.45)

Unadjusted balance - 01/31/2012 (249,474.58) 74,472.25

Add (Deduct) reconciling items:

Book reconciling items:

Credit memo (advances from TWGI) 323,902.45

Interest income - net of tax (P55.48-11.10) 44.38

Bank reconciling items:

Outstanding checks: -

Adjusted cash balance - Jan. 31, 2012 74,472.25 74,472.25

-

Adjusting entry:

Account Name Debit Credit

Cash in bank - BDO 323,946.83


Interest income 44.38323,946.83 323,946.83

To record advances from TWGI and interest income -

for the month (see JV-12-001).


30/30

Wellex Industries, Inc.Journal Voucher

No. JV-12-001

Date: 1/31/2012

Account

Code

Cash in bank - BDO 323,946.83


Interest income 44.38

To record advances from TWGI and interest

income earned for the month of January 2012.

Prepared By : Verified By: Approved By:

Tess _______________ _____________

Particulars Debit (Dr ) Credit (Cr )

FPI 1ST QTR

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