76. As of December 31, the branch estimate in Ward Co.'s head office books, shows a balance of $8,400 and the home office estimate in the branch books shows a balance of $9,735. The following data is determined in determining this difference (a) Invoked merchandise of $615 was delivered by head office to the branch on December 28. This merchandise is still in transit and has not yet been assigned to the branch book (b) The branch collects the head office's accounts receivable for $2.500, but forgets to notify the home office of this collection (c) The home oice records the branch's net income for November of $1,125. This was wrong and it was only discovered that it was actually $1,215 after the branch reported the actual figure. (d) Home office is charged S640 when the branch returns merchandise to home office on December 31. This merchandise is on its way to headquarters. (1) Prepare branch and head office reconciliation reports. (2) What joumal entries must be made before the branch and head office prepare financial reports