Question: can someone help me solve those question ? Thanks THINKING: Part 2 (18 marks) a. Calculate the value of the unexpired insurance on the following

can someone help me solve those question ? Thanks

THINKING: Part 2 (18 marks) a. Calculate the value of the unexpired insurance on the following policies with a fiscal year end of June 30, 20-4. Show your work for full marks Term Company a. Steinway Bros. b. Gomez Group c. Schwartz Co. Policy Date September 1, 20-3 October 31, 20-3 February 1, 20-4 1 year 1 year 2 year Premium $ 520 $ 2 640 $ 4880 Unexpired Insurance Balance (3 marks each) Company a. Steinway Bros. b. Gomez Group c. Schwartz Co. Show your calculations here: (2 marks each, 6 marks) Steinway Bros. Gomez Group Schwartz Co. b. Prepare the adjusting entry for each policy at the end of the fiscal period. (6 marks) Date Particulars Debit Credit

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