Journal entries

1.a - Closing Stock A/c(BS) - Dr To Trading/PL A/c Cr  - 34250.

b. Loss on Damaged Goods A/c Dr to Closing Stock A/c - 12000.00.

c. cash a/c dr to loss on damaged goods a/c - 6000.00.

2.a. Audit Fees A/c Dr to Audit Fees Payable  - 2500.00

b.Audit Fees Payable to To Bank/Cash. - 3000.00

c. Audit Fees to Audit Fees payable - 3550.00

3a. Prepaid Ins A/c to Bank /Cash - 3000.00

b.Insurance A/c Dr to Party A/c - 10000.00

c.party A/c Dr to Prepaid Ins - 3000.00.

Party A/c dr to Bank A/c - 7000.00

Please provide me journal entries for these : 

1. Closing Stock of Rs. 34250. Out of this Rs.12000 worth of closing stock is damaged (50% realisable).

2. Audit fee payable last year was Rs. 2500. Audit fee paid this year Rs. 3000. Audit fee payable this year is Rs. 3550.

3. Prepaid Insurance last year was Rs.3000. Insurance paid this year Rs. 10000.

Answer = 1.cl stock    dr to trading a/c 34250

                  Loss on stock dr to cl stock 12000

                  Bank dr to loss on stock  6000

               2. audit fees payable dr to cash/bank 2500

                   Current audit fees dr to cash/bank 3000

                   Current audit fees payable dr to bank 3550

                3. last yr prepaid insurance dr to to bank 3000

                    Current yr insurance dr to to bank 10000

Please provide me journal entries for these : 

1. Closing Stock of Rs. 34250. Out of this Rs.12000 worth of closing stock is damaged (50% realisable).

2. Audit fee payable last year was Rs. 2500. Audit fee paid this year Rs. 3000. Audit fee payable this year is Rs. 3550.

3. Prepaid Insurance last year was Rs.3000. Insurance paid this year Rs. 10000.

Answer: