From the following data calculate the amount paid or received to that account during the year ended
Question:
From the following data calculate the amount paid or received to that account during the year ended 30 June 2022.
In f and in g the rental agreement is being complied with.
a Wages: reversal $2543, closed out to profit and loss $60 000, balance day adjustment $1086 b Insurance: reversal $715, closed out to profit and loss $3742, balance day adjustment $519 c Interest received: reversal $110, closed out to profit and loss $1748, balance day adjustment $169 d Electricity: reversal $1545, closed out to profit and loss $8569, balance day adjustment $1686 e Mortgage interest: reversal $285, closed out to profit and loss $3600, balance day adjustment $285 f Rent: reversal $650, closed out to profit and loss $10 000, balance day adjustment $800 g Rent received: reversal $200, closed out to profit and loss $3000, balance day adjustment $300
Step by Step Answer:
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson