Answers To Self-Answer Problems
Answers To Self-Answer Problems
Answers To Self-Answer Problems
Problem 2:
1. Journal Entries
1
HOME OFFICE BOOKS BRANCH BOOKS
a Investment in Branch 75,000.00 Cash 75,000.00
Cash 75,000.00 Home Office 75,000.00
m CGS 123,000.00
Merchandise Invty. 10,000.00
Purchases 25,000.00
Shipments from HO 108,000.00
Sales 200,000.00
Income Summary 200,000.00
Problem 5:
1. 40%
2. 30%
3. 75,000
4. 100,000
At BP At Cost Overval.
100%
BI-HO 49,000.00 35,000.00 14,000.00 40%
SHO 156,000.00 120,000.00 36,000.00 30%
COGAS-HO 205,000.00 155,000.00 50,000.00
EI-HO 130,000.00 100,000.00 30,000.00
CGS-HO 75,000.00 55,000.00 20,000.00
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