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8 Question 8 10 points Save Answer Sentwell Ltd has just completed its first year of trading and has prepared its financial statements for the
8
Question 8 10 points Save Answer Sentwell Ltd has just completed its first year of trading and has prepared its financial statements for the year ended 30 September 2021. During the year Sentell paid rent totalling 63,700 advertising costs of 29,500 and utilities of 17,100. Included in the rental payments is an amount of 18,600 paid for 4 month's rent on 1 August 2021 and included in the advertising expense is an amount of 6,300 for radio adverts running in October, November and December 2021. The September 2021 utilities bill had not yet been received but is estimated to be 950. What amounts will appear on the Income Statement for the year to 30 September 2021 for rent advertising and utilities and on the Statement of Financial Position for Prepayments and Accruals at 30 September 2021? Rent 45,100; Advertising 35,800: Utilities 18,050; Prepayments 18,600; Accruals 7,250 O Rent 73,000; Advertising 35,800: Utilities 17.100: Prepayments 950; Accruals 15,600 Rent 59,050; Advertising 23,200; Utilities 18,050; Prepayments 10,950; Accruals 950 O Rent 54,400; Advertising 23,200; Utilities 18,050; Prepayments 950, Accruals 15,600 Rent 54,400; Advertising 23,200; Utilities 18,050; Prepayments 15,600; Accruals 950Step by Step Solution
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