Allen's Ltd manages and owns all the shares in a small proprietary company sells hats. The assets, liabilities and owner's equity of the business at 1 Januar accompanying worksheet. The following information about Allen's Ltd is available: The business has an accounting period of one month. It determines profit o worksheet following proper accrual principles. The opening balance in the prepayments column relates to rent for the mon 2018 which was paid in December 2017. . . The accrual on 1 January relates to an amount owing for advertisements that in December 2017. - The shop fittings owned by the business have an expected life of 10 years, an 000 at the end of that time. The following transactions took place during January 2018: 1. The business borrowed $5000 from Allen's sister. The loan is to be repaid in t 5% per annum has to be paid (in arrears) each six months, starting on 1 July 20 2. Paid an insurance premium of $1 800 that will cover the business until 30 Jun Allen's Ltd manages and owns all the shares in a small proprietary company sells hats. The assets, liabilities and owner's equity of the business at 1 Januar accompanying worksheet. The following information about Allen's Ltd is available: The business has an accounting period of one month. It determines profit o worksheet following proper accrual principles. The opening balance in the prepayments column relates to rent for the mon 2018 which was paid in December 2017. . . The accrual on 1 January relates to an amount owing for advertisements that in December 2017. - The shop fittings owned by the business have an expected life of 10 years, an 000 at the end of that time. The following transactions took place during January 2018: 1. The business borrowed $5000 from Allen's sister. The loan is to be repaid in t 5% per annum has to be paid (in arrears) each six months, starting on 1 July 20 2. Paid an insurance premium of $1 800 that will cover the business until 30 Jun