Home Office Control (Branch Books) Jan. 1, 2018 Balance 600,000 Jan 3, 2018 Cash remitted to home office 800,000 Jan. 5, 2018 Shipments from home office 1,200,000 Jan. 28, 2018 Expenses from home office 452,000 Jan. 28, 2018 Cash remitted to home office 300,000 Jan. 28, 2018 Merchandise returned to home office 120,000 Branch Control (Home Office Books) Jan. 1, 2018 Balance 600,000 Jan. 3, 2018 Cash received form branch 800,000 Jan. 4, 2018 Shipments to branch 1,200,000 Jan. 28, 2018 Expense allocation 524,000 Jan. 28, 2018 Shipments to branch 240,000 Jan. 28, 2018 Collection from branch customer 180,000 Jan 28, 2018 Supplies purchased for branch and shipped directly to branch 80,000 Except for the error by the branch in recording its share of allocated expenses, all differences are timing differences. The adjusted balance of the reciprocal accounts is:
Home Office Control (Branch Books)
Jan. 1, 2018 Balance 600,000
Jan 3, 2018 Cash remitted to home office 800,000
Jan. 5, 2018 Shipments from home office 1,200,000
Jan. 28, 2018 Expenses from home office 452,000
Jan. 28, 2018 Cash remitted to home office 300,000
Jan. 28, 2018 Merchandise returned to home office 120,000
Branch Control (Home Office Books)
Jan. 1, 2018 Balance 600,000
Jan. 3, 2018 Cash received form branch 800,000
Jan. 4, 2018 Shipments to branch 1,200,000
Jan. 28, 2018 Expense allocation 524,000
Jan. 28, 2018 Shipments to branch 240,000
Jan. 28, 2018 Collection from branch customer 180,000
Jan 28, 2018 Supplies purchased for branch and shipped directly to branch 80,000
Except for the error by the branch in recording its share of allocated expenses, all differences are timing differences. The adjusted balance of the reciprocal accounts is:
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