On October 5, 2006, Brentwood Company established the Palisades Branch. Following are the initial transactions between the home office and Palisades Branch:

Both the home office and the Palisades Branch use the perpetual inventory system.
Prepare journal entries for the foregoing transactions in the accounting records of the (a) home office, and (b) Palisades Branch of Brentwood Company.

Question

On October 5, 2006, Brentwood Company established the Palisades Branch. Following are the initial transactions between the home office and Palisades Branch:
  
Both the home office and the Palisades Branch use the perpetual inventory system.
Prepare journal entries for the foregoing transactions in the accounting records of the (a) home office, and (b) Palisades Branch of Brentwood Company.

Quizplus · Accepted Answer

The Answer of On October 5, 2006, Brentwood Company established the Palisades Branch. Following are the initial transactions between the home office and Palisades Branch:
  
Both the home office and the Palisades Branch use the perpetual inventory system.
Prepare journal entries for the foregoing transactions in the accounting records of the (a) home office, and (b) Palisades Branch of Brentwood Company.

On October 5, 2006, Brentwood Company Established the Palisades Branch