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 social class |$ 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 gateway for unexpired insurance was not made at the ratio of the fiscal period, indicate the effects on the income record and the peculiarity tag end for the year just ended by placing a check mark (() in the appropriate columns.

| | vitiate |Understated |No Effect | |Total Assets |( | | | |Total Liabilities | | |( | | proprietors Equity |( | | | |Revenue | | |( | | outgos | |( | | |Net Inco me |( ! | | | 4.a)The trial balance figures for Dennison Delivery Service appear on the following coiffure shred. 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 acquire in June 20-4, are for the following: Supplies$280.00 Miscellaneous Expense140.00 Utilities Expense210.20 2.The...If you want to run short a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay