U Question 12 The following information will be used for the next three questions PEB corporation has operated a branch in Kuwait for one year. Shipments are billed to the branch at case. The branch carries its own accounts receivable, makes its own collections and pays its are given effect to in the trial balance below: Accounts Debit Credit Cash P4 200 Home Office Current P17,500 Shipments from Home Office 67 680 Accounts receivable 12.800 Expenses 3,820 Sales 74.000 Total P9.500 191.500 V The branch reported an inventory on Decembe: 31.2020 at 19.180 On January 1, 2021. the Branch current account in the Home once bodks should have a balance of P26180 67.650 P26680 P27.930 Previous