Collected a note for the home office in the amount of $3000 plus $150 interest. Received a debit memo from the home office for the following expenses allocated by the home office to the branch: depreciation expense $500 other operating expense $200. Paid $2000 for advertising, 50% of which is a home office expense. Returned 20% of the merchandise received in item 1 to the home office. Sold merchandise to customers on account in the amount of $20000.
Purchased merchandise from Alta Wholesalers, $4000. Received shipments from the home office, billed at $10.000 home office cost. Transactions and events affecting the Fort Worth branch during 20X9 are summarized as follows: 1. Arnimal Corporation is located in Dallas, Texas, and its branch is located in Forth Worth, Texas. AKUNTANSI KEUANGAN LANJUTAN II ACCOUNTING FOR BRANCH OPERATIONS SOAL A.
