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On August 1, 2019, Westpac Corporation, a U.S. multinational enterprise, established a sales branch in Singapore. The transactions and events of Westpac's home office with the Singapore branch, and the branch's own transactions and events, during August 2019, are described below. Following each transaction or event is the appropriate spot exchange rate for the Singapore dollar(S$). (1) Cash of $ 50,000 sent to branch (S$1 = $0.45). (2) Merchandise with a cost of $75,000 shipped to branch at a billed price of $100,000 (S$1 = $0.45). (3) Rent of leased premises for August paid by branch, S$1,000 (S$1 = $0.45). (4) Store and office equipment acquired by branch for S$5,000, to be carried in home office accounting records (S$1 = $0.45). (5) Sales by branch on credit, S$25,000 (S$1 = $0.46). Cost of goods sold, S$15,000. (6) Collections of trade accounts receivable by branch, S$20,000 (S$1 = $0.455). (7) Payment of operating expenses by branch, S$5,000 (S$1 = $0.47). (8) Cash remitted to home office by branch, S$10,000 (S$1 = $0.44). (9) Operating expenses incurred by home office charged to branch, $2,000 (S$1 = $0.445). (10) Uncollectible account receivable written off by branch, S$1,000 (S$1 = $0.44).

Instructions: Prepare journal entries for the home office of Westpac Corporation in U.S. dollars, and for the Singapore branch in Singapore dollars, to record the foregoing transactions or events. Both home office and branch use the perpetual inventory system and the direct write-off method of accounting for uncollectible accounts. Round all amounts to the nearest dollar. Omit journal entry explanations.

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