Rent of $660 ($600 + $60 GST) was received in June for the month of July. The
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Rent of $660 ($600 + $60 GST) was received in June for the month of July. The balance of the rent received account at 30 June before the adjustment was $7800.
You are required to prepare the journals on 30 June 2022 for the balance day adjustment and the closing journal, and also the reversal journal on 1 July 2022.
Prepare general ledger accounts for rent received and revenue received in advance that show the data given and the posting of the journals on the required dates.
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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