Required

Prepare any relevant general journal entries for Turner Ltd based on the information provided. Narrations/descriptions are not necessary. If you believe a general journal entry is not required then just make that comment in the journal template. Round any calculations to the nearest dollar. All amounts are material. (GST is ignored).

Turner Ltd insurances are paid annually in advance on the 1^st April and the last premium of $74,000 was paid on that date. When that payment was made it was recognised as an insurance expense.

please showing working details, including calculations.