Octopus Ltd, whose head office is at Cardiff, operates a branch at Swansea. All goods are purchased by head office and invoiced to and sold by the branch at cost plus \(331 / 3\) per cent.

Other than a sales ledger kept at Swansea, all transactions are recorded in the books at Cardiff.

The following particulars are given of the transactions at the branch during the year ended 28 February \(19 \times 7\).

You are required to write up the branch stock account and branch total debtors account for the year ended 28 February 19X7, as they would appear in the head office books.

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Stock on hand, 1 March 19X6, at invoice price 4,400 Debtors on 1 March 19X6 3,946 Stock on hand, 28 February 19X7, at invoice price 3,948 Goods sent from Cardiff during the year at invoice price 24,800 Credit sales 21,000 Cash sales 2,400 Returns to head office at invoice price 1,000 Invoice value of goods stolen Bad debts written off Cash from debtors Normal loss at invoice price due to wastage Cash discount allowed to debtors 600 148 22,400 100 428