please do both questione thankyou

5.For each of the following insurance policies perform the required calculations. A. Calculate the value of the prepaid insurance at the year-end date shown. B. Prepare the adjusting journal entry for the year-end shown. Policy a. b. C. Purchase date Oct. 1, 20-4 Oct. 1, 20-4 Oct 1, 20-4 Year-end date Dec 31, 20-4 Dec. 31, 205 Oct. 31, 20-4 Term of policy 1 year Premium $360 $360 $456 Policy d. e. f. Purchase date Mar. 1. 20-1 June 1, 20-6 July 1, 20-4 Year-end date Dec 31, 201 June 30, 20-6 Dec 31, 20-5 Term of policy 1 year 2 years Premium $720 $900 $1080 2 years 1 year 1 year 6. The Kaleido Glass Shop began business on October 1, 20-0. Its first fiscal year ended on September 30, 20-1. On January 1, 20-1, $720 was paid for a truck licence for the 20-1 calendar year. Use the T-accounts in your Workbook to record the entries below. A. Give the accounting entry to record the above transaction. B. Calculate the value for the prepaid licence on September 30, 20-1. C. Calculate the truck licence expense for the fiscal period ended September 30, 20-1. D. Give the adjusting entry necessary at September 30, 20-1. On January 1, 20-2, $720 was paid for the truck licence for the 20- 2 calendar year. E. Give the balance in the Prepaid Licences account after recording the above payment. F. G. Calculate the value for the prepaid licence on September 30, 20-2. Calculate the truck licence expense for the fiscal period ended September 30, 20-2