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 course of instruction |$ 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 entry for unexpired insurance was not made at the remnant of the fiscal period, indicate the effects on the income record and the tenuity tag end for the year just ended by placing a check mark (() in the appropriate columns.

| | lead off |Understated |No Effect | |Total Assets |( | | | |Total Liabilities | | |( | | proprietors Equity |( | | | |Revenue | | |( | | outgos | |( | | |Net Income |( ! | | | 4.a)The trial remainder figures for Dennison Delivery Service appear on the following watch tab. 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 authorized in June 20-4, are for the following: Supplies$280.00 Miscellaneous Expense140.00 Utilities Expense210.20 2.The...If you want to present a full essay, order it on our website: OrderEssay.net

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