(a) Where does Prepaid Expenses appear in the Statement of Financial Position of an entity? (1 mark) (b) Prepare a firm's Rental Income account from the following information; Prepaid b/d 60,000 Owing b/d 150,000 Rent received from tenants was 200,000 monthly on average Prepayments c/d 80,000 Accruals c/d 120,000 (4 marks) 7 B 1 GO