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  • Olprofe01 - Activity 9 I

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    Red Mariee
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    The home office account balance started at $480,000. After adding the branch's $470,500 profit from $2.3 million in sales less $1,954,500 in costs of goods sold and operating expenses, the home office account balance on December 31, 2014 was $950,500.

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    Olprofe01 - Activity 9 i

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    The home office account balance started at $480,000. After adding the branch's $470,500 profit from $2.3 million in sales less $1,954,500 in costs of goods sold and operating expenses, the home office account balance on December 31, 2014 was $950,500.

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    5 views1 page

    Olprofe01 - Activity 9 I

    Uploaded by

    Red Mariee
    The home office account balance started at $480,000. After adding the branch's $470,500 profit from $2.3 million in sales less $1,954,500 in costs of goods sold and operating expenses, the home office account balance on December 31, 2014 was $950,500.

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    © All Rights Reserved
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    of 1

    Home office account balance before branch profit 480,000

    Add Profit (Loss)


    Sales 2,300,000
    Cost of Sales:
    Shipment from HO 1,850,000
    Inventory, Dec. 31 255,500 1,954,500
    Gross Profit 705,500
    Operating Expense 235,000 470,500
    Home office account balance, Dec. 31, 2014 950,500

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