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GenCos main office is in downtown Leicester, and it maintains a branch in Nunda. The company utilizes home office / branch accounting in order to
GenCos main office is in downtown Leicester, and it maintains a branch in Nunda. The company utilizes home office / branch accounting in order to keep track of offsetting events and transactions. During the month of June a customer of the Nunda branch paid a $3,000 bill at the home office, which properly recorded the transaction. The monthly reconciliation should include a a) $3,000 Dr. to Cash b) $3,000 Dr. to Home Office Capital c) $3,000 Cr. to Investment in Branch d) $3,000 Dr. to Investment in Branch
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