THIS IS SAP AACOUNTING - dealing with insurance premiums.

STEP 1 - premium written & premium earned for year 1&2

STEP 2 - calculate losses incured, loss payout, loss reserves. calculate expenses. calculate investment income. calculate discount rate.

STEP 3 - T accounts year 1&2

STEP 4 - balance sheet (assests & liabilities) year 1&2

PROBLEMS 1/11 BALANCE SHEET Catch Stocks 51,000,000 $500,000 $100,000 51.600.000 UP Lee TOTAL 50.00 55 $1.000.000 $1.600.000 $ Paman Los payout Investment Los Express courte 6000.000 40 B. 72 DSX Puxa DEX PExa 6:04 an BALANCE SHIT Ats * Cash So Bonde TOTAL La Federal BALANCES A * Cash Stocks Bonds TOTAL Lab * Love Policyholders Inearned Loss Reserve CASH Income port PROBLEMS 1/11 BALANCE SHEET Catch Stocks 51,000,000 $500,000 $100,000 51.600.000 UP Lee TOTAL 50.00 55 $1.000.000 $1.600.000 $ Paman Los payout Investment Los Express courte 6000.000 40 B. 72 DSX Puxa DEX PExa 6:04 an BALANCE SHIT Ats * Cash So Bonde TOTAL La Federal BALANCES A * Cash Stocks Bonds TOTAL Lab * Love Policyholders Inearned Loss Reserve CASH Income port