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Solve the unadjusted balance of Home Office Current Account

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Problem - On December 31, 20x6, the unadjusted balance of the Investment in Butuan Branch account is 165,920 in the Home Office Books. The following data were found in your examination of the books of the Home Office and its Butuan Branch.

a. Transfer of fixed assets from Home Office amounting to 53, 960 was not booked by Butuan Branch.

b. 10,000 covering marketing expense of Bataan Branch was charged by Home Office to Butuan Branch.

c. Butuan Branch recorded debit note on inventory transfers from Home Office of 75,000 twice.

d. Home Office recorded cash transfer of 65,700 from Butuan Branch as coming from Davao Branch.

e. Butuan Branch reversed a previous debit memo from Bohol Branch amounting to 10, 500. Home Office decided that this charge is appropriately Davao's Branch.

f. Butuan Branch recorded a debit memo from Home Office of 4, 650 as 4, 560.

Solve for the unadjusted balance of Home Office Current Account in Butuan Branchs books for the year (December 31, 20x6).

Reference no: EM132752042

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