The Unadjusted trial balance of North Bank on 31st December 2019, follows 1- Consolidate the trial balance of head office and the branch.

 

Other data: 

1- Company which has a deposit account at the Kyrenia Branch of the Bank invested $35,000 cash to the company`s bank account at Nicosia Head Office 

2- Stamp Sales for the month of December were amounting to $1,000 for the Head Office and $550 for the Branch 

3- Head Office purchased a new building through signing a note payable amounting $60,000 in Famagusta for the Famagusta Branch which will be opening in the year 2014. Until the Famagusta Branch will open, all of the purchases would be recorded in the Head Office Books 

4- A customer borrowed $30,000 cash from the Kyrenia Branch of the Bank to be paid in 5 installments. After paying 2/5 of the loan, she requested to pay the rest of the amount fully in one installment to the Head Office Nicosia. 

5- Kyrenia Branch purchased furniture amounting to $15,000, on account 

6- Nicosia Head Office sent the stock of cheque books to Kyrenia Branch, amounting to $500 

7- A deposit customer of the Bank`s main head office, withdrew $10,000 from his account at the Kyrenia Branch. 

8- Kyrenia Branch, received an invoice amounting to $3,000 from Clean Co. for the cleaning services provided. The corresponding amount will be paid on the following month 9- Cheque book sales for the month of December amounting to $4,000 for the Head Office and $1,100 for the Branch 

10- A customer has a deposit account at the Nicosia Head Office of the Bank. She deposited $11,300 to his account at the Kyrenia Branch. 

11- Main Head Office of the Bank paid the monthly salary of the employees. Total salaries were amounting to $20,000 

12- Total Rental income received from renting the locker boxes amounting $2,000 for the Head Office and $1,350 for the Branch 

13- A customer who has a deposit account at the Kyrenia Branch of the Bank, withdrew $14,000 cash from the Nicosia Head Office 

14- The Branch paid the monthly rent expense of the Head Office which was amounting 6,000 

15- A customer who has a Loan Account at the Bank`s main head office, borrowed $100,000 cash to be paid in 4 installments and signed a promissory note. She paid the second installment of the loan to the Kyrenia Branch.

Account Titles Cash Reserves at Central Bank Loans to Customers Head Office Current Acc. Branch Current Acc. Cheque Book Inventory Stamp Inventory Furniture Building & Land Accounts Payable Notes Payable Overdraft in other Banks Deposits by Customers Bank Cheque Account Capital Stock Bank Service Revenue Bank Interest Income Bank Commission Income Locker Rent Income Cheque Book Sales Stamp Sales Cleaning Expense Utilities Expense HO Rent Expense Salary Expense Head Office T.Balance 3.330.670 985.000 910.230 146.500 10.000 3.500 110.000 250.000 6.320 21.000 7.100 60.000 5.840.320 97.430 120.000 875.600 640.000 29.400 2.500.000 840.000 490.700 150.000 55.000 23.890 18.300 Branch Trial Balance 2.200.400 680.930 490.600 3.000 1.550 86.200 189.770 1.000 7.800 146.500 31.240 55.700 93.000 490.230 10.000 2.000.000 510.500 230.800 95.470 12.700 5.910 3.200 24.000 5.840.320 3.685.250 3.685.250