\ John Simnel's business has an accounting year end of 31 December

20\\\\times 1

. He rents factory space at a rental cost of

$5,000

per quarter, payable in arrears.\ During the year to 31 December

20\\\\times 1

his cash payments of rent have been as follows:\ 31 March (for the quarter to 31 March 20X1)

$5,000

\ 29 June (for the quarter to 30 June 20X1)

$5,000

\ 2 October (for the quarter to 30 September

20\\\\times 1

)

$5,000

\ The final payment due on 31 December

20\\\\times 1

for the quarter to that date was not paid until 4 January

20\\\\times 2

.\ Show the ledger accounts required to record the above transactions.

Test your understanding 1 John Simnel's business has an accounting year end of 31 December 20X1. He rents factory space at a rental cost of $5,000 per quarter, payable in arrears. During the year to 31 December 201 his cash payments of rent have been as follows: - 31 March (for the quarter to 31 March 201 ) $5,000 - 29 June (for the quarter to 30 June 201 ) $5,000 - 2 October (for the quarter to 30 September 201 ) $5,000 The final payment due on 31 December 201 for the quarter to that date was not paid until 4 January 202. Show the ledger accounts required to record the above transactions. Test your understanding 1 John Simnel's business has an accounting year end of 31 December 20X1. He rents factory space at a rental cost of $5,000 per quarter, payable in arrears. During the year to 31 December 201 his cash payments of rent have been as follows: - 31 March (for the quarter to 31 March 201 ) $5,000 - 29 June (for the quarter to 30 June 201 ) $5,000 - 2 October (for the quarter to 30 September 201 ) $5,000 The final payment due on 31 December 201 for the quarter to that date was not paid until 4 January 202. Show the ledger accounts required to record the above transactions