On June 30, 2021, Alpha Co.'s Mega branch showed a Home Office account balance of $2,735 and the Home Office books showed an investment branch Mega of $2,555. The following additional information is given: Home office was charged for $120 for merchandise returned by Mega branch (merchandise is in transit) $1,200 shipment, charged by Home Office to Mega branch was actually sent and retained by Taco branch. Home office collects a Mega branch accounts receivable of $360 and fails to notify the branch. $1,500 shipment, intended and charged to Pasta branch was shipped to Mega branch and retained by the latter $200 emergency cash transfer from Spaghetti branch was not recorded in the Home Office books Home office erroneusly recorded Mega's net income for May 2021 at $1,627.5 The branch reported a net income of $1,267.5 What is the reconciled amount of the Home Office and Mega branch reciprocal amount?
On June 30, 2021, Alpha Co.'s Mega branch showed a Home Office account balance of $2,735 and the Home Office books showed an investment branch Mega of $2,555. The following additional information is given:
Home office was charged for $120 for merchandise returned by Mega branch (merchandise is in transit)
$1,200 shipment, charged by Home Office to Mega branch was actually sent and retained by Taco branch.
Home office collects a Mega branch
$1,500 shipment, intended and charged to Pasta branch was shipped to Mega branch and retained by the latter
$200 emergency cash transfer from Spaghetti branch was not recorded in the Home Office books
Home office erroneusly recorded Mega's net income for May 2021 at $1,627.5
The branch reported a net income of $1,267.5
What is the reconciled amount of the Home Office and Mega branch reciprocal amount?
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