L Trading Company operates a branch in Dallas, Texas. At close of business on December 31, 2008, Dallas Branch account in the home office books showed a debit balance of P225,770. The interoffice accounts were in agreement at the beginning of the year. For purposes of reconciling the interoffice accounts, the following facts were ascertained: (see image below) Compute for the unadjusted balance of the Home Office Current account.
L Trading Company operates a branch in Dallas, Texas. At close of business on December 31, 2008, Dallas Branch account in the home office books showed a debit balance of P225,770. The interoffice accounts were in agreement at the beginning of the year. For purposes of reconciling the interoffice accounts, the following facts were ascertained: (see image below) Compute for the unadjusted balance of the Home Office Current account.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 3PB
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L Trading Company operates a branch in Dallas, Texas. At close of business on December 31, 2008, Dallas Branch account in the home office books showed a debit balance of P225,770. The interoffice accounts were in agreement at the beginning of the year. For purposes of reconciling the interoffice accounts, the following facts were ascertained: (see image below) Compute for the unadjusted balance of the Home Office Current account.
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