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    Advance Accounting Homeoffice and Branch

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    nathania k
    1. The document shows the transactions between a home office and branch office over several periods. It includes cash shipments, expenses, revenue from notes receivable, and intercompany transfers. 2. An income summary is provided showing total revenue of $315,000 and expenses of $59,000 and $17,800, resulting in a branch loss of $45,360. 3. Journal entries are made to eliminate intercompany transactions between the home office and branch, such as shipments and the unrealized intercompany profit.

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    © All Rights Reserved
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    Advance Accounting Homeoffice and Branch

    Uploaded by

    nathania k
    100 views21 pages
    1. The document shows the transactions between a home office and branch office over several periods. It includes cash shipments, expenses, revenue from notes receivable, and intercompany transfers. 2. An income summary is provided showing total revenue of $315,000 and expenses of $59,000 and $17,800, resulting in a branch loss of $45,360. 3. Journal entries are made to eliminate intercompany transactions between the home office and branch, such as shipments and the unrealized intercompany profit.

    Original Title

    ADVANCE ACCOUNTING HOMEOFFICE AND BRANCH

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    1. The document shows the transactions between a home office and branch office over several periods. It includes cash shipments, expenses, revenue from notes receivable, and intercompany transfers. 2. An income summary is provided showing total revenue of $315,000 and expenses of $59,000 and $17,800, resulting in a branch loss of $45,360. 3. Journal entries are made to eliminate intercompany transactions between the home office and branch, such as shipments and the unrealized intercompany profit.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    100 views21 pages

    Advance Accounting Homeoffice and Branch

    Uploaded by

    nathania k
    1. The document shows the transactions between a home office and branch office over several periods. It includes cash shipments, expenses, revenue from notes receivable, and intercompany transfers. 2. An income summary is provided showing total revenue of $315,000 and expenses of $59,000 and $17,800, resulting in a branch loss of $45,360. 3. Journal entries are made to eliminate intercompany transactions between the home office and branch, such as shipments and the unrealized intercompany profit.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 21

    HOME OFFICE

    1 BRANCH 150,000,000

    CASH

    2 SHIPMENT TO BRANCH 30,000,000


    BRANCH

    3 BRANCH 15,000,000
    CASH

    4 BRANCH 5,000,000
    AR

    5 OPERASIONAL EXPENSE 32,000,000


    BRANCH (40JT X20%) 8,000,000
    CASH

    SOAL B
    1 NO. ENTRY

    2 BRANCH 45,000
    NOTE RECEIVABLE
    INTEREST INCOME

    3 NO. ENTRY
    4 BRANCH (45.000-4500) 40,500
    cash

    5 SHIPTMEN TO BRANCH 25,000


    UIIP (10% x 25.000) 2,500
    BRANCH
    BRANCH
    CASH
    100,000,000 SHIPMENT FROM HO
    50,000,000 HOME OFFICE

    HOME OFFICE
    30,000,000 SHIPMENT FROM HO

    AP
    15,000,000 HOME OFFICE

    CASH
    5,000,000 HOME OFFICE

    OPERASIONAL EXPENSE
    HOME OFFICE
    40,000,000

    CASH (20% X 8.250)


    SHIPMENT FROM HO (57.750-49500)
    HO
    NO ENTRY
    40,000
    5,000

    HO
    OPEX (4.210-4.120)
    HO
    40,500 AR

    27,500
    50,000,000
    100,000,000
    150,000,000

    30,000,000
    30,000,000

    15,000,000
    15,000,000

    5,000,000
    5,000,000

    8,000,000
    8,000,000

    1,650
    8,250
    9,900

    90
    90
    4,500
    4,500
    HOME OFFICE
    1BRANCH
    SHIPMENT TO BRANCH
    CASH
    * UIIP (UNREALIZED INTERCOMPANY PROF

    2SHIPMENT TO BRANCH
    BRANCH

    3BRANCH
    CASH

    4BRANCH
    AR

    5OPERASIONAL EXPENSE
    BRANCH (20% X 40JT)
    CASH
    SOAL B
    HOME OFFICE
    1NO.ENTRY

    2BRANCH
    NOTE RECEIVABLE
    INTEREST INCOME
    3NO.ENTRY

    4BRANCH
    CASH (45.000-4500)

    5SHIPMENT TO BRANCH
    UIIP (10%X 25.000)
    BRANCH
    77500-52500= 25.000

    6INCOME SUMMARY
    INVENTORY

    INVENTORY
    INCOME SUMMARY
    (178000+25000)

    UIIP
    BRANCH INCOME

    UIIP BEGINNING 11930-(77.500X10%)


    UIIP SHIPMENT (52.500 X 10%)
    UIIP ENDING ((51150+8250)/110 )X10%
    Jurnal Penutup
    a. BRANCH LOSS
    BRANCH

    b SALES
    INTEREST INCOME
    SHIPMENT TO BRANCH
    INCOME SUMMARY

    C INCOME SUMMARY
    PURCHASE
    OPERATING EXP
    BRANCH LOSS (49.390-4.030)

    INCOME SUMMARY
    122160
    315000
    437160
    48,340

    INCOME SUMMARY
    RETAINED EARNING

    JURNAL ELEMINASI
    A HO
    BRANCH

    B SHIPMENT TO BRANCH
    UIIP (52.500 X 10%)
    SHIPMENT FROM HO
    UIIP SHIPMENT (52.500 X 10%)

    C UIIP
    INVENTORY BEG
    UIIP BEGINNING 11930-(77.500X10%)

    D INVENTORY, END (I/S)


    INVENTORY, END (B/S)
    UIIP ENDING ((51150+8250)/110 )X10%
    BRANCH
    150,000,000 CASH
    BRANCH 100,000,000
    50,000,000
    ZED INTERCOMPANY PROFIT)

    30,000,000 HOME OFFICE


    30,000,000

    15,000,000 AP
    15,000,000

    5,000,000 CASH
    5,000,000

    32,000,000 OPERASIONAL EXPENSE


    8,000,000
    40,000,000

    BRANCH
    CASH (20% X 8.250)
    SHIPMENT FR HO (57.750-49.500)

    45,000 NO. ENTRY


    40,000
    5,000
    HO (4.210-4.120)

    40,500 HO
    40,500

    25,000 NO. ENTRY


    2,500
    27,500

    315,000 INCOME SUMMARY


    315,000

    203,000 INVENTORY (78000+8250)


    203,000

    persediaan awal 11.930/0.1


    4,030 shipment to branch
    4,030
    mark up 10%*41.800
    1930-(77.500X10%) 4,180
    2.500 X 10%) 5,250
    50+8250)/110 )X10% (5,400)
    4,030

    49,390 a.
    49,390

    225,000 b
    5,000
    52,500
    282,500

    122,160 C
    59,000
    17,800
    (49.390-4.030) 45,360

    282,500
    203,000
    485,500

    48,340
    ARNING 48,340

    100,000
    100,000

    52,500
    5,250
    OM HO 57,750
    2.500 X 10%)

    4,180
    4,180
    1930-(77.500X10%)

    5,400
    ND (B/S) 5,400
    50+8250)/110 )X10%
    BRANCH
    CASH ###
    SHIPMENT FR HO ###
    HOME OFFICE

    HOME OFFICE ###


    SHIPMENT FR HO

    AP ###
    HOME OFFICE

    CASH ###
    HOME OFFICE

    OPERASIONAL EXPENSE ###


    HOME OFFICE

    BRANCH
    CASH (20% X 8.250) 1,650
    SHIPMENT FR HO (57.750-49.500) 8,250
    HO
    NO. ENTRY
    HO (4.210-4.120) 90
    OPERATING EXPENSE

    HO 4,500
    AR

    NO. ENTRY

    INCOME SUMMARY 112,980


    INVENTORY
    (67000+45.980)
    INVENTORY (78000+8250) 86,250
    INCOME SUMMARY

    persediaan awal 11.930/0.1 119,300


    shipment to branch 77,500
    41,800
    mark up 10%*41.800 4,180
    45,980
    SALES 110,000
    INCOME SUMMARY

    INCOME SUMMARY 132,660


    PURCHASE
    SHIPMENT FROM HO (49.500+8.250)
    OPERATING EXPENSE (10.000-90)

    HO 49,390
    INCOME SUMMARY
    INCOME SUMMARY
    132660 110,000
    112980 86,250
    245640 196,250
    49,390

    BRANCH
    42000 27,500
    45000
    40500
    127500 27,500
    100,000
    HO
    90 94,690
    4500 9,900
    4590 104,590
    100,000
    150,000,000

    30,000,000

    15,000,000

    5,000,000

    8,000,000

    9,900
    90

    4,500

    112,980

    86,250
    110,000

    65,000
    57,750
    9,910

    49,390

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