counting 1302405 First Assignment student number: Student name : Dr Question one: (20 marks) DDCO Co. organized its branch in Jericho since two years, the following are selected information from31/12/2019 books for the company and its branch: investment home office Cr Dr Cr beginning balance 80000 beginning 80000 cash 18000 cash 18,000 shipment to branch 104000 shipment from home 104000 shipment to branch 56,000 payment payable DD 15,000 branch receivables 6000 cash 22000 operating expenses 13000 equipment 32,000 Both company and its branch use periodic system for inventory, the company shipped ir goods with mark up 30% The inventory of 1 January 2019 in branch books was 519300 and in 31 December 2019 was $3,900. The branch reporting unadjusted losses for star was 25280 Required: 1. Prepare a reconciliation to adjust the home offices and investments accounts and journalize all entries required? - Prepare schedule of flow cost of goods in branch? Journalize all closing entries of the branch in branch books and company books? counting 1302405 First Assignment student number: Student name : Dr Question one: (20 marks) DDCO Co. organized its branch in Jericho since two years, the following are selected information from31/12/2019 books for the company and its branch: investment home office Cr Dr Cr beginning balance 80000 beginning 80000 cash 18000 cash 18,000 shipment to branch 104000 shipment from home 104000 shipment to branch 56,000 payment payable DD 15,000 branch receivables 6000 cash 22000 operating expenses 13000 equipment 32,000 Both company and its branch use periodic system for inventory, the company shipped ir goods with mark up 30% The inventory of 1 January 2019 in branch books was 519300 and in 31 December 2019 was $3,900. The branch reporting unadjusted losses for star was 25280 Required: 1. Prepare a reconciliation to adjust the home offices and investments accounts and journalize all entries required? - Prepare schedule of flow cost of goods in branch? Journalize all closing entries of the branch in branch books and company books