Home Office put up a branch with initial investment of cash 400,000; and equipment 180,000, and furniture & fixtures, 100,000, both to be booked in the branch. Requirements: a. Prepare the journal entries for both the Home Office and Branch books based on the above transactions.
Home Office put up a branch with initial investment of cash 400,000; and equipment 180,000, and furniture & fixtures, 100,000, both to be booked in the branch. Requirements: a. Prepare the journal entries for both the Home Office and Branch books based on the above transactions.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 4CE
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Home Office put up a branch with initial investment of cash 400,000; and equipment
180,000, and furniture & fixtures, 100,000, both to be booked in the branch.
Requirements:
a. Prepare the
above transactions.
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