Mr Wong a sole trader with a year end of 31.12.X1 has the following items of cash

Question:

Mr Wong a sole trader with a year end of 31.12.X1 has the following items of cash paid and received in his ledgers:

► Rent paid 10.1.XI: £5,000 relating to the year 1.7.X0 to 30.6.X1 and rent paid 15.12.X1 £6,000 relating to year from 1.7.X1.

► Rent received of £12,000 on 1.6.X1 relating to the year from 1.3.X1.

► Electricity paid quarterly in arrears: 7.1.XI £320, 5.4.X1 £300, 3.7.XI £280, 4.10.X1 £260, and 28.12.X1 £310.

Show the ledger accounts for the above in Wong’s ledgers with the year-end adjustments necessary for the year ended 31.12.XI. Note you may also need to make some pre-year adjustments as at l.l.Xl.

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