depreciate them 10% annually. Jan. 1 USHUYA Corporation opens a now branch in 200,000 . amounting to P250,000 Pnd Shipping Point - Prepaid. Feb. 1 Home Office purchased Equipment amounting to P200,000 and furniture is transferred immediately to Quezon City branch. Mar. 6 Home office and branch made purchases purchase. which requires a 20% cash payment upon are as follows: Hom of April 21 Sales made by home office and branch are as follows. Hount P410,000. May. 3 Branch paid for the fumiture purchased from customers amounting to P250,000 of which P90,000 P600,000: Quezon Cily branch, cash P2 on February 1. Jun. 5 Quezon City branch collected paymer Aug. 10 Home ofrice paid P450.000 to the compar ounting to P220,000. Oct. 3 Home office paid operating expenses amounting to P220,000. Nov. 2 Home office charged branch for PT0,000 of the operating expenses paid last octount to its original amounterte As of December 31, two-thirds of the Home Office Total Goods Available for Sale were considered January 1. Aor branch, one-fourth of the Total Goods Available for Sale were still unsold. a. Prepare the joumal entries to record the foregoing transactions for (a) the home off Requirements: b. Prepare the joumal entries to adjust and close the books for (a) the home office. and (b) the branch. c. Prepare working paper combined income statement and balance sheet for the co the branch