From the following information construct the combined Rent and Rates Account for the year ended 30 June 20X1 showing the figures that would appear for rent and rates in the profit and loss account and the figures that would appear in the balance sheet as at 30 June 20X1. The property of the business was rented at £1,600 per annum payable quarterly in arrears on the usual quarter days. The rates were £600 per annum payable half yearly in advance on 1 October and 1 April in each year. The rent was one quarter in arrears on 30 June 20X0 and the rates for the half year to 30 September 20X0 had not been paid.

The following transactions took place during the year to 30 June 20X1:

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20X0 July 2 July 2 Oct 10 Oct 10 20X1 Jan 4 - Cash-One quarter's rent to 24 June 20X0 Cash Half year's rates to 30 September 20X0 Cash-Half year's rates to 31 March 20X1 Cash-One quarter's rent to 29 September 20X0 Cash-One quarter's rent to 25 December 20X0 April 6 Cash-Half year's rates to 30 September 20X1 April 6 Cash-One quarter's rent to 25 March 20X1