1) Mr. Eddy attended a convention in Nassau or veteran go ers in e.ruary 19 1. He also attended a CA convention in Toronto in September 19 1. The costs of the conventions were $2,600 and $900 respectively. 2) The entertainment expenses include the cost of meals and the cost of tickets to attend sporting events with clients. 3) The insurance expense of $1,200 includes a $450 premium paid for insurance against fire and theft in respect of the office and its contents and a $750 premium on a life insurance policy. 4) Accounts receivable of $6,500, which were written off in previous years, were recovered during the year. 5) In December 19 0, Mr. Eddy declared a $5,000 bonus for one of his employees. This bonus was paid April 30, 19 1. 6) As his income was almost the same as last year, Mr. Eddy made the following contributions during the period: RRSP $ 7,500 RESP 3,000
7) Inventory supplies did not change. 8) The UCC of the office equipment as at December 31, 19 0 is $25,000. 9) The UCC of leasehold improvements as at December 31, 19 0 is $5,000. Mr. Eddy received $1.000 from the new lessee. The leasehold improvements had
Attachments:
238052 1 COMM….pdf