The following are transactions conducted by and between the head office(HH) and the newly established branch(BB) for the year ended Sene 30, 2013 i. HH has sent Br. 100,000 for BB on its establishment at the beginning of the year ii. BB acquired Br. 40,000 office furniture for its own use but to be carried by the home office iii. HH sent computer printers and other equipments of Br. 50,000 for use by the branch. According to the policy of the company fixed assets will not be carried by the branch iv. HH dispatched merchandise inventory at retail price of Br. 800,000 which is marked up at 25% on cost v. BB has sold merchandise with retail price of Br. 640,000 on account to charge customers vi. BB incurred various operating expense of Br. 32,000 and paid in cash vii. BB has collected Br. 512,000 from charge customers on account viii. BB has remitted Br. 400,000 to the head office up on request ix. Operating expenses of Br 20,000 was allocated to BB by the head office for the common cost Instructions a. Assuming perpetual inventory system, record each of the above transaction side by side both for the home office and the branch b. Determine the ending balances of the two reciprocal accounts at the home office and branch immediately after transaction ix c. After determining the ending balances of the two reciprocal accounts in b above, the following information is brought to you from the head office accountant which you didn’t consider before: - HH has collected receivable of Br. 28,000 from BB’s charge customers on BB’s behalf - BB has paid Br. 30,000 of HH’s liability to suppliers on HH’s behalf Record these two items and determine the new balances of the two reciprocal accounts