Problem 1 On December 31, 2022, the Investment In Branch ac

Problem 1 On December 31, 2022, the Investment In Branch account on… Problem 1On December 31, 2022, the Investment In Branch account on the home office books of Ferrari Company shows a balance of P252,000 and the Home Office account on the books of the branch shows a balance of P292,050. The following data are determined in accounting for the difference:i.     Merchandise billed at P18,450 was shipped by the home office to the branch on December 28. The merchandise is in transit and had not been recognized on the book of the branchii.     The branch collected a home office accounts receivable of P75,000, but failed to notify the home office of this collectioniii.     The home office recorded incorrectly the branch net income at P33,750. The branch reported net income of P36,450iv.     The home office was charged P19,200 when the branch returned merchandise to the home office on December 31. The merchandise is in transit.What is the reconciled amount of the reciprocal accounts on December 31? —————–Problem 2On December 2023, the home office of Rada Company recorded a shipment of merchandise to its Calamba branch as follows:Calamba branch                                    30,000            Shipment to Calamba Branch                                        25,000            Unrealized profit in branch inventory                               4,000            Cash (freight charges)                                                     1,000The Calamba branch sells 40% of the merchandise to outside entities during the rest of December 2023. The books of the home office and Calamba branch are closed on December 31 of each year. At what amount should the 60% of the merchandise remaining unsold at December 31, 2023 should be included in the published statement of financial position of Rada Company at December 31, 2023?**** please show the computation/solution for the problem. it will be a big help if you answer this in 10-20 mins. thank you so much ****Business Accounting

How it works

1. Paste your instructions in the instructions box. You can also attach an instructions file
2. Select the writer category, deadline, education level and review the instructions 
3. Make a payment for the order to be assignment to a writer
4.  Download the paper after the writer uploads it 

Will the writer plagiarize my essay?

You will get a plagiarism-free paper and you can get an originality report upon request.

Is this service safe?

All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades