Home Office ordered office table and chairs worth 20,000 to be carried in branch books. The branch paid cash for the items upon delivery directly to the branch. Delivery charge of 800 was also paid by the branch. a. Prepare the journal entries for both the Home Office and Branch books based on the above transactions.
Home Office ordered office table and chairs worth 20,000 to be carried in branch books. The branch paid cash for the items upon delivery directly to the branch. Delivery charge of 800 was also paid by the branch. a. Prepare the journal entries for both the Home Office and Branch books based on the above transactions.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 4CE
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Home Office ordered office table and chairs worth 20,000 to be carried in branch books.
The branch paid cash for the items upon delivery directly to the branch. Delivery charge
of 800 was also paid by the branch.
a. Prepare the
above transactions.
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