A branchA. 90,000B. 134,400C. 104,400D. 90,500 A branch's trial balance at the en of a period is as follows:DRCRHome OfficeShipment from Home Office120,000120,000Cash41,900Accounts Receivable62,500Expenses8,100Sales112,500Ending Inventory30,000How much is the adjusted balance of the "Investment in Branch" account in the home office books?

A branch's trial balance at the en of a period is as follows: DR CR Home Office 120,000 Shipment from Home Office 120,000 Cash 41,900 Accounts Receivable 62,500 Expenses 8,100 Sales 112,500 Ending Inventory 30,000 How much is the adjusted balance of the "Investment in Branch" account in the home office books?

A branch's trial balance at the en of a period is as follows: DR CR Home Office 120,000 Shipment from Home Office 120,000 Cash 41,900 Accounts Receivable 62,500 Expenses 8,100 Sales 112,500 Ending Inventory 30,000 How much is the adjusted balance of the "Investment in Branch" account in the home office books?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter12: Special Journals

Section: Chapter Questions

Problem 1MC: The first step in posting the sales journal to the general ledger is to total and verify the...

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Ihe accourtsfor the statement of fihancial postionandincame statemert a Altredo Escarno, CPAare a tollows: Alteda Ie, CRA Adjunn TrialEe nce Decem ber31, 20X Cad it N1,500 Accnun Debit Accounts hyable Accounts Beoeivable Accu nauilatel Depredsion - Bualing Acu naulated Deprednion -Ofice Eqrip ment Autiing Laenua Bul ding Cath Dereivtion Expas e-Baling Doreciation Ispase-Otice Eqip mat Isano, Capital, Isano, Wahdrawals n1,000 110,00 120,000 1,361,500 750,000 11 S00 55,000 60,000 1,215,500 165,000 75,000 60,000 362,500 96,000 26,000 6,500 52,500 735,000 Ind Mots Becdusble Oftice Equap nent Oftice Supplie Expense Office Supplis Profeiond Deudep mat Ixpense Rent Expense Salades Ixpense Salades Pyable Trud Expense Uhlitis Expense TOTAL 30,500 41,000 18,000 P2 PO1000 RB0 1000 Required: Bepae in goodfom te icome statement andthe statenet f firndalpostion f Altredo Escano, CPAfrte year ended Deombe 31 201X
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