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Sendelbach Corporation is a U.S.-based organization with operations throughout the world. One of its subsidiaries is headquartered in Toronto. Although this wholly owned company operates primarily in Canada, it engages in some transactions through a branch in Mexico. Therefore, the subsidiary maintains a ledger denominated in Mexican pesos (Ps) and a general ledger in Canadian dollars (C$). As of December 31, 2017, the subsidiary is preparing financial statements in anticipation of consolidation with the US. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Debit Credit C$ 13,860 Accounts payable Accumulated depreciation Buildings and equipment Cash Common stock Cost of goods sold Depreciation expense Dividends, 4/1/17 Gain on sale of equipment, 6/1/17 Inventory Notes payable-due in 2020 Receivables Retained earnings,1/1/17 Salary expense Sales Utility expense Branch operation 29,000 C$ 169,0ee 28,000 52,000 285,089 7,109 21,000 81,000 70,000 25,080 5,200 71,000 137,590 314,000 9,200 7,350 Totals C$ 622,658 $ 622,656 Branch Operation-Mexico Debit Credit Ps 54,200 Accounts payable Accumulated depreciation Building and equipment Cash Depreciation expense Inventory (beginning-income statement) Inventory (ending-income statement) Inventory (ending-balance sheet) Purchases Receivables Salary expense Sales Main office 19,200 Ps 42,00e 60,000 2,200 25,800 29,000 29,800 70,000 23,880 9,200 126,e00 32,800 Ps 260,480 Ps 268,400 Totals free 3013 HI Next- ere to search Sendelbach Corporation is a U.S.-based organization with operations throughout the world. One of its subsidiaries is headquartered in Toronto. Although this wholly owned company operates primarily in Canada, it engages in some transactions through a branch in Mexico. Therefore, the subsidiary maintains a ledger denominated in Mexican pesos (Ps) and a general ledger in Canadian dollars (C$). As of December 31, 2017, the subsidiary is preparing financial statements in anticipation of consolidation with the US. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Debit Credit C$ 13,860 Accounts payable Accumulated depreciation Buildings and equipment Cash Common stock Cost of goods sold Depreciation expense Dividends, 4/1/17 Gain on sale of equipment, 6/1/17 Inventory Notes payable-due in 2020 Receivables Retained earnings,1/1/17 Salary expense Sales Utility expense Branch operation 29,000 C$ 169,0ee 28,000 52,000 285,089 7,109 21,000 81,000 70,000 25,080 5,200 71,000 137,590 314,000 9,200 7,350 Totals C$ 622,658 $ 622,656 Branch Operation-Mexico Debit Credit Ps 54,200 Accounts payable Accumulated depreciation Building and equipment Cash Depreciation expense Inventory (beginning-income statement) Inventory (ending-income statement) Inventory (ending-balance sheet) Purchases Receivables Salary expense Sales Main office 19,200 Ps 42,00e 60,000 2,200 25,800 29,000 29,800 70,000 23,880 9,200 126,e00 32,800 Ps 260,480 Ps 268,400 Totals free 3013 HI Next- ere to search

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