Construct the ledger account for Rent and Rates based on the following information (it is to be
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Construct the ledger account for Rent and Rates based on the following information (it is to be presented in one ledger account rather than as separate accounts).
• Rent owing as at 1 January £980.
• Rates prepaid as at 1 January £250.
• Rent owing as at 31 December £560.
• Rent paid during year £8,900.
• Rates paid during the year £6,520.
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