1.ABC Limited rented a warehouse for a three year period. Rent is paid in advance on June 1 for the following twelve month periods.

Date Paid	Amount Paid
June 1, 2012	$ 2,200
June 1, 2013	$ 2,600
June 1, 2014	$ 3,300

Determine the rent expense for the calendar year ending 31 December, 2013.

Answer:

2.

Lawlor Lawn Limited started its business on June 1, 2015 and reported its inventory using FIFO perpetual system. The following transactions occurred in June, 2015.

5	Purchased 110 units plants at $4 per unit on credit for inventory.
15	Sold 60 units plants on credit for $600
20	Purchased 120 units plants at $5 per unit on credit for inventory.
25	Sold 110 plants for cash, $990
30	Recorded the following adjusting entries:
	Physical count of plant inventory, 30 plants on hand.

The ending inventory in June is:Answer

The total cost of sales in June is:Answer

The total sales revenue in June is:Answer