In 20X7 the gas bills for Peregrine’s business are received and paid as follows:

Date received Date paid Period covered 4 March 20X7 10 March 20X7 1.12.X6-28.2.X7 6 June 20X7 20 June 20X7 [PS— silo, 6 September 20X7 15 September 20X7 1.6.X7-31.8.X7 9 December 20X7 20 December 20X7 1.9.X7-30.11.X7 Amount (£)

Peregrine prepares accounts to 31 December each year. He estimates that gas used in December 20X7 would be billed at about £300.

What figure for gas expense should be included in Peregrine’s accounts to 31 December 20X7? (Work to the nearest £.)

aE ZS 37 Ds” 1£3.037 Cin ets.05/

d) £2457.

Insurance Phone

£

7 280 Zao lel, Other expenses 36 470 Examination of the detailed transactions in the insurance account shows the following:

Insurance charges for seven months to 31 May 20X1 Paid 3 June for one year from 1 June 20X1 to 31 May 20X2 Examination of the detailed transactions in the phone account shows the following:

£

Bill for period 1 November 20X0-31 January 20X1 690 Bill for period 1 February 20X1-30 April 20X1 627 Bill for period 1 May 20X1-31 July 20X1 700 Z O17 The bill for the three-month period to 31 October 20X1 was not received until after the year-end. The amount of the bill was £696.

What is the total amount of Paula’s business expenses for inclusion in her profit and loss account for the year ending 31 October 20X1?

a) £45 767

b) £43 768

c) £43072

d) £41 825.