Included in the accounting records of the home office and the only branch, respectively, of Socrates Company were the following ledger accounts for June, 2006:
a. Prepare a working paper to reconcile the reciprocal ledger accounts to corrected balances.
b. Prepare journal entries on June 30, 2006, for the (1) home office, and (2) Plato Branch of Socrates Company. The branch uses the perpetual inventory system.

Question

Included in the accounting records of the home office and the only branch, respectively, of Socrates Company were the following ledger accounts for June, 2006:
  a. Prepare a working paper to reconcile the reciprocal ledger accounts to corrected balances.
b. Prepare journal entries on June 30, 2006, for the (1) home office, and (2) Plato Branch of Socrates Company. The branch uses the perpetual inventory system.

Quizplus · Accepted Answer

The Answer of Included in the accounting records of the home office and the only branch, respectively, of Socrates Company were the following ledger accounts for June, 2006:
  a. Prepare a working paper to reconcile the reciprocal ledger accounts to corrected balances.
b. Prepare journal entries on June 30, 2006, for the (1) home office, and (2) Plato Branch of Socrates Company. The branch uses the perpetual inventory system.

Included in the Accounting Records of the Home Office and the Only