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 as 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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