Alec Rooney made three payments of 900 for rent during the year ended 30 November 20*8. At
Question:
Alec Rooney made three payments of £900 for rent during the year ended 30 November 20*8. At 30 November he owed his landlord £900.
Required
Prepare a rent account for the year ended 30 November 20*8.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
A rent account is a nominal account that is used to track rent expenses and payments Heres how the r...View the full answer
Answered By
Deepankur Keserwani
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Michael operates his own business selling pool equipment and materials as well as servicing swimming pools. During the year ended 30 June 2019 Michael received $915,000 in cash for sales of equipment...
-
1. What is Michaels assessable income for the year ended 30 June 2019? 2. What fringe benefits tax (FBT) must Michael pay for the year ended 31 March 2019? Assume that Michael cannot claim GST input...
-
1. A bill and hold sales item amounting to RM120,000 made on 25 June 2021 was not recorded in the books. The customer has not made any payments for the goods. However, the closing inventory had...
-
Angela Monterey has a five-year car loan for a Jeep Wrangler at an annual interest rate of 6.7% and a monthly payment of $609.50. After 3 years, Angela decides to buy a new car. What is Angela's loan...
-
Kirk and Kirk, Ltd. began operations in July 2013 and reported the following results for each of its first 3 years of operations. 2013 ........ $20,000 net income 2014 ........ $640,000 net loss 2015...
-
Q1- For the items in the 5-element table below, compute hash_fcn(key) % table.size() for table sizes of 8 and 13. What would be the position of each item in tables of these sizes using open...
-
The following information has been extracted from the books of Quire plc as at 30 September 2011. The following additional information is to be taken into account: 1. Stocks at 30 September 2011 were...
-
Sticky Polymers Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 10,750 units of...
-
Exercise 6-19 (Algo) Goodwill effect on ROI LO 6-9 Assume that fast-food restaurants generally provide an ROI of \( 14 \% \), but that such a restaurant near a college campus has an ROI of \( 18 \%...
-
Tammy Mount supplies the following incomplete trial balance and four ledger accounts. Additional information After completing the trial balance the following account was opened: At 31 March 20*8...
-
Bob Banger sells second-hand cars. He has yet to value the vehicles listed below. Required Calculate the value placed on each of the three cars in stock. Make Cost Ford 1,200 Citren 450 Skoda 560...
-
Suppose an Invoice object contains descriptions of the products ordered, and the billing and shipping addresses of the customer. Draw a UML diagram showing the dependencies between the classes...
-
Balance of a customer rotor calls for a balance tolerance of G 0.4. What does the G stand for, and what is the significance of the 0.4 level?
-
If total assets increase but total liabilities remain the same, what is the impact on the debt-to-assets ratio? a. Increases. b. Decreases. c. Remains the same. d. Cannot be determined without...
-
Balancing a fan on a motor-driven machine has not dropped the overall vibration sufficiently. What is the next step?
-
A trial weight is added to one end of a long rotor. The vibration level decreases on that end but increases on the other end, and the phase stays the same. What caused this result?
-
Encoders can have very high tachometer pulse rates, on the order of 1,024 pulses per revolution. What is critical about the placement of an encoder?
-
Discuss why events in the U.S. economy since 1929 demonstrate that any theory of how the economy works must allow for both demand and supply shocks.
-
A liquid flows upward through a valve situated in a vertical pipe. Calculate the differential pressure (kPa) between points A and B. The mean velocity of the flow is 4.1 m/s. The specific gravity of...
-
Write down the formula for calculating the internal rate of return on a project and identify each component.
-
The initial investment in a project is $200 000 and the project requires additional working capital of $40 000. Calculate the average investment in the project.
-
Identify two advantages of using payback as a method of investment appraisal.
-
Managerial accounting is used by Blank______. Multiple choice question. all company managers investors managerial accountants only creditors
-
Name a few reasons for combining enterprise rankings by different measures, such as revenue and profits Group of answer choices Enterprise ranking by revenue just indicates the size of the companies...
-
Identify the sentence in which the month and day are written correctly for a general formal context. Multiple choice question. On the second Friday in December, the company will hold its annual...
Study smarter with the SolutionInn App