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Gleimer uses the straightline depreciation method. iv. An insurance policy was acquired on June 30 2014 the premium paid for 2 years was 11 520. V. Gleimer received 9 600 fees in advance from a customer on January 1 2014. Twothirds of this amount was earned in July. Ii Prepare an owner s equity statement for the year ended December 31 2014. 2. 5 marks iii Prepare a classified balance sheet as at December 31 2014. 20 Marks Page 3 PART B THINKING APPLICATION 37 marks Question 1 The following...
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