The unadjusted balance at the end of the month of the Branch Current is P567,980. The following information is provided to you. A. The home office inadvertently faxed a note to the branch informing the branch of a collection of one of the home offices customers amounting to P23,000. This amount was ignored by the branchs accountant. B. The branch returned merchandise to the home office worth P 256,000. This was not the item ordered by the branch. The accountant of the home office was not able to update the records pertaining to this transaction. C. Merchandise worth P66,340 is still in transit to the branch. D. The branch accountant recorded a merchandise worth P245,000 as P254,000. E. The home office collected an account receivable of the branch amounting to P35,670. The home office accountant repeatedly sent a note to the branch regarding this collection. The branch, in error, recorded the amount twice in its books. F. The branch accountant became aware of the transposition error he committed when he recorded the receipt of the merchandise and made the correcting entry accordingly. G. The branchs net income was not recorded by the home office. The branch reported a net income of P366,920. Compute for the unadjusted balance of the Home Office Current account.

Pampanga Company bills its Tarlac Branch for merchandise at 140% of cost. At the end of December 31, 2020, the branch reported the following information: Inventory, January 1 P 168,000 Shipments received 1,820,000 Inventory, December 31 294,000 What should be the balance for overvaluation of the branch inventory on December 31, 2020?

On January 1, 2020, Zebb and Nottle Companies had condensed balance sheets as shown below: Requirement: Compute how much is the total assets after acquisition.

On January 1, 2020, Zebb and Nottle Companies had condensed balance sheets as shown below: Requirement: Compute how much is the total equity after acquisition.