16:05 eclass.alquds.edu Gram Co.opening a branch in other city in the country, the following is unadjusted trial balance for san and its branch for the year ended 31/12/2020 Trail balance 31/12/2020: Gram branch Cash 2200010175 12000 7550 Investment in Iranc 72600 Inventories 1/1/2000 46000 2000 Allowance for valuation (4000) Prepaid rent 3000 3450 Equipment 17700032450 Ordinary share 200.000 Retained caring1/1/2000 14.000) Dividend 15000 Account payable (350001697251 Home office (49000) Purchases 380.000 Shipment from home office 23200 Shipersent to branch 240.000 Sales (3380022400 Operating capetes 11840025700 potal 0000 0000 The fiscal count of ending inventory for home office was $36000and 24000 in the branch without goods in transit. The following information are available for you not considered in the trial balance: 1- the branch sent 3400$ cash for the home office in 31/12/2020 2- the branch collected 6000 from home account receivables 3- the branch purchased equipment for 12000 and not modified the home office 4- the home office settlement 7000 for branch account payable. 4-goods in transit for branch at cost was S6000 5- ending inventory in san company was $60,000 and 21,600 in branch Required: 1-Prepare the entries required to reconcile the home office and investment accounts? 2- prepare adjusted trial balance for san and its branch? 3-prepare a working paper for combined financial statement for san company in 31/12/2020 16:05 eclass.alquds.edu Gram Co.opening a branch in other city in the country, the following is unadjusted trial balance for san and its branch for the year ended 31/12/2020 Trail balance 31/12/2020: Gram branch Cash 2200010175 12000 7550 Investment in Iranc 72600 Inventories 1/1/2000 46000 2000 Allowance for valuation (4000) Prepaid rent 3000 3450 Equipment 17700032450 Ordinary share 200.000 Retained caring1/1/2000 14.000) Dividend 15000 Account payable (350001697251 Home office (49000) Purchases 380.000 Shipment from home office 23200 Shipersent to branch 240.000 Sales (3380022400 Operating capetes 11840025700 potal 0000 0000 The fiscal count of ending inventory for home office was $36000and 24000 in the branch without goods in transit. The following information are available for you not considered in the trial balance: 1- the branch sent 3400$ cash for the home office in 31/12/2020 2- the branch collected 6000 from home account receivables 3- the branch purchased equipment for 12000 and not modified the home office 4- the home office settlement 7000 for branch account payable. 4-goods in transit for branch at cost was S6000 5- ending inventory in san company was $60,000 and 21,600 in branch Required: 1-Prepare the entries required to reconcile the home office and investment accounts? 2- prepare adjusted trial balance for san and its branch? 3-prepare a working paper for combined financial statement for san company in 31/12/2020
