QUESTION 3 6 Marks A restaurant took out an insurance policy providing coverage for 2 years for the period 1 January 2013 to 31 December 2014 at a cost of R9, 000. The financial year of the business is from 1 March to 28 February each year. 3.1 Calculate the annual AND monthly insurance premium. 3.2 Draw the General Ledger accounts and indicate the entries for the following: (a) Payment of the insurance by cheque on 1 January 2013 (2) QUESTION 3 6 Marks A restaurant took out an insurance policy providing coverage for 2 years for the period 1 January 2013 to 31 December 2014 at a cost of R9, 000. The financial year of the business is from 1 March to 28 February each year. 3.1 Calculate the annual AND monthly insurance premium. 3.2 Draw the General Ledger accounts and indicate the entries for the following: (a) Payment of the insurance by cheque on 1 January 2013 (2)