Home office EE shipped merchandise costing P94,200 to XX branch and EE paid for the freight charges of P15,000. XX branch was subsequently instructed to transfer the merchandise to YY branch wherein XX branch paid P12,000 freight. If the shipment was made directly from EE to YY, the freight cost would have been P22,500. Journalized the transaction in the books of Home Office, Branch EE, and Branch XX.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalize the transaction in the books of Home Office, Branch EE, and Branch XX.

Home office EE shipped merchandise costing P94,200 to XX branch and EE paid
for the freight charges of P15,000. XX branch was subsequently instructed to
transfer the merchandise to YY branch wherein XX branch paid P12,000 freight. If
the shipment was made directly from EE to YY, the freight cost would have been
P22,500.
Journalized the transaction in the books of Home Office, Branch EE, and Branch XX.
Transcribed Image Text:Home office EE shipped merchandise costing P94,200 to XX branch and EE paid for the freight charges of P15,000. XX branch was subsequently instructed to transfer the merchandise to YY branch wherein XX branch paid P12,000 freight. If the shipment was made directly from EE to YY, the freight cost would have been P22,500. Journalized the transaction in the books of Home Office, Branch EE, and Branch XX.
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