1. Cash transfer to branch, 212,500.

2. Merchandise transfer to branch (billed at cost), 251,000

3. Sales of Account: Home Office, 525,000; Branch, 330,000
4. Purchases on account: HO, 612,500; Branch, 112,500
5. Collections on Account: HO, 568,000; Branch, 267,000
6. Cash remittances by Branch, 267,000
7. Payment on accounts: HO, 620,000; branch, 61,250
8. Branch purchases of furniture and fixtures for cash, 40,000
9. Expenses paid, HO, 133,000; branch, 80,000
10. Dividends paid by HO, 50,000

Assume the following additional information:

EGG SHERAN Corp

Statement of Financial Position
January 1, 2019

Assets

Cash 296,500.00
Accounts Receivable 138,250.00
Merchandise Inventory 200,600.00
Prepaid Expenses 9,000.00
Furniture and Fixtures 100,000.00
Accumulated Depreciation 22,000.00 78,000.00
Total Assets   722,350.00

Liabilities and Shareholders' Equity

Accrued Expenses 6,250.00

Accounts Payable 114,000.00
Ordinary Share Capital (20 par) 250,000.00
Retained Earnings 352,100.00
Total Liabilities and Shareholders' Equity   722,350.00
Adjusting data at December 31, 2019:
HO BRANCH
Depreciation for the year 5,900.00 3,250.00
Merchandise Inventory 242,500.00 117,500.00
Prepaid Expenses 10,250.00 3,750.00
Accrued Expenses 6,750.00 1,500.00