on 1 January 20x2 the following balances, among others, stood in the books of B. Alfa:a) lighting and heating, Dr 192,b) Insurance, Dr 1410,During the year ended 31 Dec 20x2, the information related to these two accounts is asfollows:i) Fire insurance, 1164 covering the year ended 31 May 20x3 was paid.ii) General insurance, $1463, covering the year ended 31 July 20x3 was paid.iii) An Insurance rebate of $82 was received on 30 June 20x2.iv) Electricity bills of $1300 were paid.v) An electricity bill of $162 for December 20x2 was unpaid as on 31 December20x2.vi) Oil bills of $810 were paid.vii) Inventory of oil as on 31 December 20x2 was $205. Required: Write up the amounts for lighting and heating, and for insurance, for the yearto 31 December 20x2. Carry forward necessary balances to 20x3.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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on 1 January 20x2 the following balances, among others, stood in the books of B. Alfa:
a) lighting and heating, Dr 192,
b) Insurance, Dr 1410,
During the year ended 31 Dec 20x2, the information related to these two accounts is as
follows:
i) Fire insurance, 1164 covering the year ended 31 May 20x3 was paid.
ii) General insurance, $1463, covering the year ended 31 July 20x3 was paid.
iii) An Insurance rebate of $82 was received on 30 June 20x2.
iv) Electricity bills of $1300 were paid.
v) An electricity bill of $162 for December 20x2 was unpaid as on 31 December
20x2.
vi) Oil bills of $810 were paid.
vii) Inventory of oil as on 31 December 20x2 was $205.


Required: Write up the amounts for lighting and heating, and for insurance, for the year
to 31 December 20x2. Carry forward necessary balances to 20x3. 

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