Question

Question 2 Kweku Boasiako Ltd, a pharmaceutical company in Accra receives large orders from customers in Takoradi. In December 2018, management decided to start a new branch at Takoradi. The Takoradi branch became operational in January 2019. The following information relates to their operations for February 2019: Balances as at 31" January 2019 Cash at Bank GH¢ 17.500 Stock of Pharmaceutical product GHC 25,800 Transactions during the month of February were: Goods sent to Branch (at cost to head office) Goods returned from branch to Head office (at cost of HO) Cash sales paid in bank account Credit sales Goods received from customers Cheques received from customers Office Stationery General Expenses Bad Debts written off Discount allowed to customers Cash sent to head office Transactions at head office on behalf of branch: Goods sent to branch (at cost to the office) Rent and rates Stock at the branch at the end of February was GH¢ 8,000 GH¢128,500 GH¢13,250 GHÇ108,900 GHc44,700 GH¢1,500 GH¢40,600 GHc2,000 GH¢ 800 GH¢500 GH¢800 GHC151,300 as above Ghc 4,500 Required Using the Cost price method, post the above transactions into the relevant ledgers in the Head office books (30 Marks)