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Here are details for rent and rates account for the year ending 31 December 2015. Rent payable is RM 6,000 annually. Rates payable is RM
Here are details for rent and rates account for the year ending 31 December 2015. Rent payable is RM 6,000 annually. Rates payable is RM 4,000 annually. As at 01/01/2015, rent of RM 1,000 prepaid from year 2014. On 01/01/2015, rates RM 400 were owing. During 2015, rent RM 4,500 was paid. During 2015, rates RM 5,000 was paid. On 31/12/2015, rent RM 500 was owing. On 31/12/2015, rates RM 600 has been prepaid. Required: a) Write all transactions above into rent and rates account. (9 marks) [Total = 9 marks]
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