K. Wills has an accounting year ending on 31 December. The following amounts were paid in respect
Question:
K. Wills has an accounting year ending on 31 December. The following amounts were paid in respect of rent and gas:
You are required to show the ledger entries in the rent and light and heat accounts for the year ended 31 December 20X8.
Transcribed Image Text:
Expense Rent Rent Gas Rent Gas Rent Gas Rent Gas Gas Date paid 1 Nov 20X7 29 Jan 20X8 6 Mar 20X8 2 May 20X8 4 Jun 20X8 30 Jul 20X8 3 Sep 20X8 5 Nov 20X8 7 Dec 20X8 8 Mar 20X9 Quarter ended 31 Jan 20X8 30 Apr 20X8 28 Feb 20X8 31 July 20X8 31 May 20X8 31 Oct 20X8 31 Aug 20X8 31 Jan 20X9 30 Nov 20X8 28 Feb 20X9 £ 900 930 420 930 360 930 270 960 390 450
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Rent Account Debit Credit Nov 1 20X7 900 Jan 29 20X8 930 May 2 20X8 930 Ju...View the full answer
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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