AA1 - Chapter 9 (2008 edition) page 19
Problem 9 – 10
Triple N Commercial Working Paper for Combined Financial Statements for Home Office and Branch
For the Year Ended December 31, 2008
Trial Balance Adjustments Trial Balance Adjusted Eliminations Income Statement Branch Income Statement Home Office Balance Sheet Combined
1,489,600 546,700 23,667 24,576 1,513,267 571,276
Credits
c ( 2,500)
d 14,000 157,800 c 157,800
Allowance for Overvaluation 2,940 2,940 a 2,940
1,489,600 546,700 23,667 24,576 1,513,267 571,276 188,740 188,740 403,816 424,200 740,047 784,000 854,140 789,803
424,200 424,200 784,000 784,000 854,140 854,140 Inventory, end:
Branch [(P21,420 + P14,000) / 110%] 32,200
Trang 2AA1 - Chapter 9 (2008 edition) page 19