AccountsDebitCreditCash.....P 5,040Home Office Current .P 21,000Purchases from outsiders .Shipments from Home Office.Accounts receivable ....Expenses .....Interest expense..Gain on sale of equipment..Sales ....25,00056,21615,3607,5006848,80080,000P109.800P109.80010. Using the same information above, determine the branch current account in theHome Office books on January 1, 2022. *11. Using the same information above, shipments to Branch account in the HomeOffice books on January 1, 2022.

Particulars Amount Particulars Amount To Good sent to branch 56,216 By Sales 80,000 To…

10. Using the same information above, determine the branch current account in the Home Office books on January 1, 2022. 11. Using the same information above, shipments to Branch account in the Home Office books on January 1, 2022.

10. Using the same information above, determine the branch current account in the Home Office books on January 1, 2022. 11. Using the same information above, shipments to Branch account in the Home Office books on January 1, 2022.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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