1.An entity's unadjusted trial balance does not equal. The following information was determined:

The debit posting for a sale on account was omitted.

5,000

The balance of Prepaid assets was listed as a credit instead of debit

34,000

The balance of Office expense was listed as Rent expense

16,000

Accounts payable was listed as a debit instead of credit

4,000

How much is the difference between the total debits and total credits in the trial balance?

a. 65,000b. 81,000c. 30,000d. 34,000

2.Theta prepares its financial statements for the year to 30 April each year. The company pays rent for its premises quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was 84,000 per year until 30 June 2000. It was increased from that date to 96,000 per year. What rent expense and end of year prepayment should be included in the financial statements for the year ended 30 April 2001?

Expense Prepayment

1. 93,000 8,000
2. 93,000 16,000
3. 94,000 8,000
4. 94,000 16,000