Accounting 1

3.a)Calculate the value of the unexpired insurance on the adjacent policies as of June 30, 20-4. |Company |Policy Date |Term | indemnity | valid Insurance | |1. Bristol |July 31, 20-3 |1 twelvemonth |$ 420 | $ 35 | |2. Maine |October 31, 20-3 |1 year |$1 080 | $360 | |3. Ipswich |January 31, 20-4 |1 year |$ 576 | $336 | b)Assuming that the valuation account introduction for unexpired insurance was not made at the difference of the fiscal period, indicate the effects on the income record and the closing tag end for the year just ended by placing a check mark (() in the appropriate columns.

| | demoralize |Understated |No Effect | |Total Assets |( | | | |Total Liabilities | | |( | | proprietors Equity |( | | | |Revenue | | |( | | outgos | |( | | |Ne t Income |( ! | | | 4.a)The trial rest period figures for Dennison Delivery Service appear on the following posit rag. Using the additional information below, complete the eight-column work sheet for the fiscal year ended June 30, 20-4. GST accounts are not to be considered. Additional Information 1.Purchase invoices acquire in July, 20-4, pertaining to goods and services original in June 20-4, are for the following: Supplies$280.00 Miscellaneous Expense140.00 Utilities Expense210.20 2.The...If you want to take a crap a full essay, order it on our website: OrderEssay.net

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