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.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 7SEB: JOURNALIZING SALES RETURNS AND ALLOWANCES Enter the following transactions starting on page 60 of a...

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A branch

A. 90,000
B. 134,400
C. 104,400
D. 90,500

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