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8. The following were found in your examination of the interplant accounts between the Home Office and the Bacolod Branch: . Transfer of fixed assets from Home Office amounting to P53,960 was not recorded by the branch. Fixed assets used in the branch are required to be maintained in the books of the branch. . P10,000 covering marketing expense of another branch was charged by Home Office to Bacolod. . Bacolod recorded twice a P75,000 debit note for inventory transfers from Home Office. Home office recorded cash transfer of P65,700 from Bacolod Branch as coming from Tacloban Branch. Bacolod reversed a previous debit memo from Samar Branch amounting to P10,500. Home Office decided that this charge is appropriately Tacloban's Branch cost. Bacolod recorded a debit memo from Home Office of P4,650 as P4,560.How much are the net adjustments - Debit (Credit) - on the following accounts? Bacolod Branch Current Account Home Office Current Account a. (75,700) (20,950) b. 75,700 (20,950) C. (55,700) 75,000 d. (65,700) (74,000) (RPCPA) Use the following information for the next two questions: ABC Co. bills its branch for merchandise at 140% of cost. At the end of its first month, the branch submitted the following data: Merchandise from home office (at billed price) 98,000 Merchandise purchased locally by branch 40,000 Inventory, Dec. 31 of which P7,000 are of local purchase 28,000 Net sales for the month 180,000 9. How much is the branch's ending inventory at cost? a. 92,000 b. 20,000 c. 22,000 d. 23,800 10. How much is the branch's gross profit in so far as the home office is concerned? a. 70,000 b. 72,000 c. 90,000 d. 92,000