1. On December 31, the Inv. in Branch account on the home books shows a balance of P150,000. The following facts are ascertained: 1. Merchandise billed at P5,000 is in transit on December 31, from the home office to the branch. 2. The branch collected a home account receivable for P2,000. The branch did not notify the home office of cash collection. 3. On December 30, the home office mailed a check of P10,000 to the branch but the bookkeeper charged the check to General Expenses; the branch has not received the check as of December 31. 4. Branch profit for December was recorded by the home office at P8,900 instead of P9,800. 5. Branch returned supplies of P1,000 to the home office but the home office has not yet recorded the receipt of the supplies