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The investment and home office accounts for TAM Company and its branch A in31 January 2016 include the following: investment home office Dr Cr
The investment and home office accounts for TAM Company and its branch A in31 January 2016 include the following: investment home office Dr Cr Dr beginning balance 1000 beginning Cr 1000 Cash receipt 51000 Remittances cash 15000 shipment to branch 57000 shipment from home 57000 payment branch payable 4000 cash 8000 shipment to branch 6000 Purchased car 30000 Collect branch Paid home account account receivables 5500 payable 12000 operating expenses 6500 Shipment to branch c 5000 Required: Prepare a reconciliation to adjust the home offices and investments accounts and journalize all entries required?
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