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 socio-economic 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 inlet for unexpired insurance was not made at the displace of the fiscal period, indicate the effects on the income record and the curio 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 Income |( | | | 4.a)The trial commensurateness figures for Dennison Delivery Service appear on the following ascertain tacking. 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 received in June 20-4, are for the following: Supplies$280.00 Miscellaneous Expense140.00 Utilities Expense210.20 2.The...If you want to let down a full essay, order it on our website: BestEssayCheap.com

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