3.4 Fill in the values

(a) to

(f) in the following table on the assumption that there were no opening balances involved.

Transcribed Image Text:

Relating to period Paid/Received Expense/revenue for period At end of period Accruals/deferred revenues Prepaid Rent payable 10,000 (a) 1,000 Rates and insurance 5,000 (b) 1,000 General expenses (c) 6,000 1,000 Interest payable on borrowings 3,000 2,500 (d) Salaries (e) 9,000 3,000 Rent receivable (f) 1,500 1,500