HOME OFFICE BOOKS

Account Title Debit Credit

Investment in Branch 30,000.00
Cash 30,000.00
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Investment in Branch 75,000.00
Shipment to Branch 75,000.00
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NO ENTRY

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NO ENTRY

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Shipment to Branch 2,000.00
Investment in Branch 2,000.00
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NO ENTRY

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NO ENTRY

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NO ENTRY

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Investment in Branch 7,500.00
Accumulated Depreciation 7,500.00

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Cash 65,000.00
Shipment to Branch 65,000.00
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Cash 3,000.00
Investment in Branch 3,000.00
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Investment in Branch 10,000.00
Branch Income 10,000.00
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Income from Branch 10,000.00
Income Summary 10,000.00
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Income Summary 10,000.00
 Retained Earnings 10,000.00
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 BRANCH OFFICE BOOKS
Account Title Debit Credit
Cash 30,000.00
Home Office 30,000.00
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Shipment from Home Office 75,000.00
Home Office 75,000.00
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Purchases 10,000.00
Accounts Payable 10,000.00
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Accounts Receivable 125,000.00
Sales 125,000.00
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Home Office 2,000.00
Shipment from Home Office 2,000.00
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Cash 105,000.00
Accounts Receivable 105,000.00
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Accounts Payable 7,000.00
Cash 7,000.00
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Salaries Expense 10,000.00
Rent Expense 5,000.00
Utilities Expense 2,000.00
Other Operating Expense 12,500.00
Cash 29,500.00
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Depreciation Expense 1,500.00
Rent Expense 5,000.00
Insurance Expense 1,000.00
Home Office 7,500.00
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Home Office 65,000.00
Cash 65,000.00
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Home Office 3,000.00
Accounts Receivable 3,000.00
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Sales 125,000.00
Inventory End 5,000.00
Shipment from Home Office -
Salaries Expense 10,000.00
Rent Expense 10,000.00
Utilities Expense 2,000.00
Depreciation Expense 1,500.00
 Insurance Expense 1,000.00
Purchases 10,000.00
Other Operating Expense 12,500.00
Income Summary 130,000.00
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Income Summary 130,000.00
Home Office 130,000.00
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