SPECIAL EDUCATION FUND TRIAL BALANCE

MUNICIPALITY OF CORELLA
Special Education Fund
Pre-Closing Trial Balance
As of October 31, 2010
Account Title Account Code Debit Credit
Cash in Vault 101 388.09
Payroll Fund 106 1,500.00
Cash in Bank – Local Currency , Current Account 111 293,846.90
Special Education Tax Receivable 128 743,429.91
Advances to Officers and Employees 148 80,449.00
Deferred Charges 182 1,860.11
Land Improvements 202 11,910.00
Other Structures 215 3,000.00
Office Equipment 221 25,200.00
Furniture and Fixtures 222 23,529.75
IT Equipment and Software 223 44,998.75
Medical, Dental and Laboratory Equipment 233 10,000.00
Other Assets 290 45,494.77
Accumulated Depreciation – Land Improvements 302 6,431.40
Accumulated Depreciation – Other Structures 315 1,350.00
Accumulated Depreciation – Office Equipment 321 22,680.00
Accumulated Depreciation – Furniture and Fixtures 322 20,877.76
Accumulated Depreciation – IT Equipment 323 31,139.76
Accumulated Depreciation – Medical, Dental and Laboratory Equipment 333 2,550.00
Due to BIR 412 1,919.72
Due to LGUs 418 1,651.50
Other Payables 439 504.31
Deferred Special Education Tax Income 452 743,429.91
Other Deferred Credits 455 19,728.73
Government Equity 501 219,246.77
Special Education Tax 591 303,448.89
Fines and Penalties – Local Taxes 599 24,171.81
Interest Income 664 2,249.14
Prior Years’ Adjustments 684 160.00
Terminal Leave Benefits 742 662.29
Travelling Expenses – Local 751 1,300.00
Training Expenses 753 22,800.00
Office Supplies Expenses 755 740.00
Repairs and Maintenance – School Buildings 812 4,000.00
Taxes, Duties and Licenses 891 449.83
Depreciation – Furniture and Fixtures 922 1,496.30
Depreciation – IT Equipment 923 1,949.80
Depreciation – Medical, Dental and Laboratory Equipment 933 750.00
Discount on Special Education Tax 955 32,485.95
Other Maintenance and Other Operating Expenses 969 45,675.25
TOTAL 1,399,728.20 1,399,728.20
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