BRANCH AND HEAD OFFICE TRANSACTIONS - Assignment 3 The Unadjusted trial balance of North Bank at 25th December 2019, follows 1- Journalise the accounting entries occured in the last week of the accounting year. 2- Prepare the adjusted trial balance for the Famahusta branch and the Nicosia head office 3- Consolidate the trial balance of head office and the branch Head Office T.Balance 2.365.900 Branch Trial Balance 1.440.500 90.600 365.750 755.000 880.400 123.000 123.000 5.000 2.500 2.000 1.260.000 1.230 250.000 1. Head Office purchased an office equipment amounting $40,000 2- Famagusta Branch purchased furniture amounting $22,000 3- Nicosia Head Office sent stock of stamps to Famagusta Branch, amounting $500 4- Nicosia Head Office sent stock of cheque books to Famagusta Branch, amounting $1,000 5- George has a deposit account at Nicosia Head Office of the North Bank. While George was at Famagusta, he deposited $1,200 to his account at the Famagusta Branch. 6- Sams LTD has a deposit account at Famagusta Branch of the Bank. One of the accounts receivable customer of Sams Ltd. invested $20,000 cash to company's bank account at Nicosia Head Office 7- Main Head Office of the Bank paid monthly salary of the employees. Total salaries were amounting to $35,000 8- Main Head Office of the Bank paid $6,000 for monthly rent. 9. Main Head Office of the Bank paid monthly cleaning fee of the Fanagusta Branch building. Cleaning services were amounting to $3,000 10- Famagusta Branch, received an invoice amounting $2,100 from Computer Co. for the IT services provided. Corresponding amount will be paid on following month 11- A deposit customer of the Bank's main head office, withdrew $5,400 from his ccount at the Famagusta Branch. 12- A customer who has a deposit account at Famagusta Branch of the Bank, withdrew $2,000 cash from the Nicosia Head Office 13- A customer who has a Loan Account at the Bank's main head office, borrowed $20,000 cash to be paid in 5 instalments and signed a primosory note. She paid first instalment of the loan to the Famagusta Branch 14- A customer borrowed $24,000 cash from the Famagusta Branch of the Bank to be paid in 6 installments. After paying half of the loan, she requested to pay the rest of the amount fully in one instalment to the Head Office Nicosia. 15- Salary Expense and Rent Expense of the Branch for the month of December were amounting $15,000 and $1,200 respectively 80.000 22.400 900.500 Account Titles Cash Reserves at Central Bank Loans to Customers Head Office Current Acc. Branch Current Acc. Cheque Book Inventory Stamp Inventory Fixed Assets Accounts Payable Deposits by Banks Deposits by Customers Bank Cheque Account Capital Stock Bank Service Revenue Bank Interest Income Bank Commission Income Cleaning Expense IT Service Expense HO Rent Expense Branch Rent Expense Salary Expense 245.700 650.340 560.950 35.000 12.300 650.000 295.400 2.300.000 865.000 534.600 74.860 173.340 86.440 3.000 750 6.000 1.200 40.000 17.000 5.440.300 5.440.300 2.169.530 2.169.530