Transcribed Image Text: Selected balances from ABC Co’s Branch A and Branch B are: A Branch B Branch Beginning Inventory Petty Cash Fund Ending Inventory Accounts Receivable, Beginning 19,200 21,000

Transcribed Image Text: Selected balances from ABC Co’s Branch A and Branch B are:
A Branch
B Branch
Beginning Inventory
Petty Cash Fund
Ending Inventory
Accounts Receivable, Beginning
19,200
21,000
2,000
19,000
1,500
12,000
43,500
55,000
Shipment from Home Office
Accounts Receivable, End
Cash Collections
Sales
Cash Expenses
47,000
61,000
53,300
70,000
70,000
80,000
85,000
100,000
14,300
21,000
All sales, collections, and expenses are handled at the branch. All cash received from sales and collections are sent
directly to the Home Office. Expenses are paid by the branch from the imprest fund and immediately reimbursed by
the Home Office and credited to the Home Office account. All expenses paid by the branch are recorded in the
books of the branch. Compute the TOTAL increase or (decrease) for the Home Office account balances on
December 31, 2021.

Do you need us to help you on this or any other assignment?


Make an Order Now