accounting

Exercise 1-2 (Algo) Accrual accounting [LOI-2] Listed below are several transactions that took place the secor-,d and third yeavs of operations lhe RPG Compami ted In addition. you That the company incuwed costs s18000 in year the advertising agency SC. 300 at the end yea' ana there no at the end A'so. were anticipatcd baa debts on 'eceivdbles. and the rent payment was lot a twoyer penod_ year Z and year Y Requ f. Cakate ocome tot both years Z Determine the amount due the advertising agency thot would be shown as a liability on RPG'S balance sheet ot the end of year