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On 1/9/2020, Asfalisi Insurance Limited entered into an insurance contract with a customer who paid the annual premium of $240,000 on that date. State the

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On 1/9/2020, Asfalisi Insurance Limited entered into an insurance contract with a customer who paid the annual premium of $240,000 on that date. State the dollar amount Asfalisi Insurance Ltd would report as a liability at 30 June 2021. On 1/9/2020, Asfalisi Insurance Limited entered into an insurance contract with a customer who paid the annual premium of $240,000 on that date. State the dollar amount Asfalisi Insurance Ltd would report as a liability at 30 June 2021. Daneistis Limited provides the following loan schedule in relation to its borrowings: Date Payment ($) Interest ($) Principal ($) Balance ($) 30 June 2020 749,950 30 June 2021 113,700 33,748 79,952 669,998 30 June 2022 113,700 30,150 83,550 586,448 30 June 2023 113,700 26,390 87,310 499,138 30 June 2024 113,700 22,461 91,239 407,899 30 June 2025 113,700 18,355 95,345 312,554 30 June 2026 113,700 14,065 99,635 212,919 30 June 2027 113,700 9,581 104,119 108,801 30 June 2028 113,700 4,899 108,801 0 State the amount Daneistis Limited would report as an expense for the year ended 30 June 2023

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