12 At 1 July 2004 a company had prepaid insurance of $8,200. On 1 January 2005 the company paid $38,000 for insurance for the year to 30 September 2005. What figures should appear for insurance in the company’s financial statements for the year ended 30 June 2005? Income statement Balance sheet A $27,200 Prepayment $19,000 B $39,300 Prepayment $9,500 C $36,700 Prepayment $9,500 D $55,700 Prepayment $9,500
答案回复可见
c |