1 1 January 2009 the following balances, among others, stood in the books of B Baxter: ( a ) Lighting and heating, (Dr) £192. ( b ) Insurance, (Dr) £1,410. During the year ended 31 December 2009 the...



1

1 January 2009 the following balances, among others, stood in the books of B Baxter:



(a) Lighting and heating, (Dr) £192.



(b) Insurance, (Dr) £1,410.



During the year ended 31 December 2009 the information related to these two accounts is as follows:



(i) Fire insurance, £1,164 covering the year ended 31 May 2007 was paid.



(ii) General insurance, £1,464 covering the year ended 31 July 2007 was paid.



(iii) An insurance rebate of £82 was received on 30 June 2009.



(iv) Electricity bills of £1,300 were paid.



(v) An electricity bill of £162 for December 2009 was unpaid as on 31 December 2009.



(vi) Oil bills of £810 were paid.



(vii) Stock of oil as on 31 December 2009 was £205.



You are required to write up the accounts for lighting and heating, and for insurance, for the year



to 31 December 2009. Carry forward necessary balances to 2007.








May 06, 2022
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