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accounts sales inventories 1/1 purchases The following are selected accounts of unadjusted and unclosed trial balance for A. Company and its branch at 31/12/2015:
accounts sales inventories 1/1 purchases The following are selected accounts of unadjusted and unclosed trial balance for A. Company and its branch at 31/12/2015: home branch (250000) (146334) 40000 45000 150000 shipment to (70000) shipments from 87500 fright in 16334 inventories 31/12 operating expenses 90000 37500 60000 40000 investment in branch 47500 allowance for valuation of inventories (26500) home office (47500) Required: 1- Prepare table for inventory flow for branch 2-Prepar all closing and adjusted entries required in the branch and home office books. 3- Prepare combined income statement for the year ended 31/12/2015.
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