Sun-Bud Corporation is a United States corporation with its home office in Phoenix, Arizona. In addition to its operations in Phoenix, Sun-Bud has a branch outlet in England. The sales of the England Branch relate to merchandise acquired from home office only. The trial balances of England branch on December 31, year 2 can be seen as follows :-

England Branch Trial Balances December 31, year 2

Debits Cash	5,600
Accounts Receivable (net)	2,900
Inventories January 1, year 2	10,000
Buildings (net)	8,450
Equipment (net)	5,600
Merchandise shipments from home office	15,150
Depreciation expense-building	1,050
Depreciation expense-equipment	1,400
Remittance to home office	4,250
Wages and salaries	3,000
Other expenses	3,000
Total debits	60,400
Credits Accounts payable	5,900
Remittance from home office	4,400
Home office	25,000
Sales	25,100
Total credits	60,400

Additional information are as follows:-

1. The merchandise inventories for the England branch on December 31, year 2 is 9,000. All merchandise are sent from home office in United States.

2. Exchange rates :-

Current exchange rate - 1.37 (1 = $1.37 )

Historical exchange rate - (rate on date of purchase of assets - 1.40 $, rate on date of acquisition of merchandise from home office - 1.40 $)

Average Rate $ 1.35

3. The following figures are extracted from the trial balances of home office, Sun-Bud Corporation in United States on December 31, year 2

Shipments to branch	$ 18,695
Remittances from branch	5,180
Remittances to branch	5,300
Branch	29,000
Branch inventories January 1, year 2	11,500

4. All the and $ value amounts are in thousands, excepts the exchange rate.

Required :

1) Prepare trial balances for the branch in both dollars and pounds. (Use indicate rates for conversion.)

Topic already contains all the information, I also not sure need to transfer which day.

Maybe you can try that date in Dec 31 year 2 ?