Paul Hewson Trading Co. has a branch in Quezon City. On December 31, 2009, the Quezon City Branch account in the home office books showed a balance of P383,655. The interoffice accounts were the same at the beginning of the year. For purposes of reconciling the reciprocal accounts, the following facts were ascertained: The home office inadvertently recorded a remittance for P4,800 from its Bacolod branch as remittance from its Quezon City branch. The branch failed to take up a P850 debit memo from the home office representing the share of the branch in marketing expenses. The home office credit memo representing a discount on merchandise for P1,200 was not recorded by the branch. Advertising expense of P1,225 charged by the home office was taken up twice by the branch. Freight charge on merchandise made by the home office for P1,125 was recorded in the branch books as P1,215. Equipment costing the home office P2,500 was picked up by the branch as P250. Compute the balance of unadjusted balance of the home office account as of December 31, 2008.

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Answer A home office could be a area selected during a persons residence for of... View the full answer