Home Office Branch (DR) (CR) (DR) (CR) : HE Corporation Adjusted Trial Balances December 31, 20XX
Home Office Branch (DR) (CR) (DR) (CR) : HE Corporation Adjusted Trial Balances December 31, 20XX
Home Office Branch (DR) (CR) (DR) (CR) : HE Corporation Adjusted Trial Balances December 31, 20XX
Required:
1. Prepare closing entries for the branch.
2. Prepare closing entries for the home office including the entry to record the branch net
income.
3. Prepare a combined working paper.
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? 22,000 ? 22,000
? 22,000 Branch income
22,000