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c) The following information on accruals and prepayments was extracted from the books of the Nakras Supermarkets: At 31 December 2019: Sh. 000 Rent accrued
c) The following information on accruals and prepayments was extracted from the books of the Nakras Supermarkets: At 31 December 2019: Sh. 000" Rent accrued 900 Rates prepaid 750 Payments made during the year ended 31 December 2020 were as follows: 2020 Sh. "000" 12 January Rent, four months to 31 January 2020 1,250 19 April Business rates, six months to 30 September 2020 1,800 10 May Rent, six months to 31 July 2020 2,100 12 October Business rates, six months to 31 March 2021 1,860 15 October Rent, four months to 30 November 2020 1,400 You are required to: i. Calculate the charge to the income statement for the year ended 31 December 2020 in respect of rent and rates (4 marks)
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