Question
Gram Co. opening a branch in other city in the country, the following is unadjusted trial balance for san and its branch for the year
Gram Co. opening a branch in other city in the country, the following is unadjusted trial balance for san and its branch for the year ended 31/12/2020
Trail balance 31/12/2020:
Gram branch
| Cash | 22000 | 10175 |
| account /rec. | 12000 | 7550 |
| Investment in Branch | 72600 |
|
| Inventories1/1/2020 | 46000 | 24000 |
| Allowance for valuation | (4000) |
|
| Prepaid rent | 8000 | 8450 |
| Equipment | 177000 | 32450 |
| Ordinary shares | (200,000) |
|
| Retained earning1/1/2020 | (34,000) |
|
| Dividend | 15000 |
|
| Account payable | (35000) | (9725) |
| Home office |
| (49000) |
| Purchases | 380,000 |
|
| Shipment from home office |
| 232800 |
| Shipment to branch | (240,000) |
|
| Sales | (338000) | (282400) |
| Operating expenses | 118400 | 25700 |
| total | 0000 | 0000 |
The fiscal count of ending inventory for home office was $36000and 24000 in the branch without goods in transit.
The following information are available for you not considered in the trial balance:
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Routledge Handbook Of Environmental Accounting
Authors: Jan Bebbington, Carlos Larrinaga, Brendan O'Dwyer, Ian Thomson
1st Edition
0367724901, 9780367724900
