On 1 November 20.18 Mars Traders paid rental to the amount of R25 740 for 12 months. The pre-adjustment trial balance for the year ended 28 February 20.19 reflected an amount for rental expenses of R25 740 as well as an amount for prepaid rental expenses at 1 March 20.18 of R16 400. The only transaction that has been recorded or processed in the accounting books of Mars Traders regarding rental expenses, related to the payment that was made on 1 November 20.18 and no other transaction or adjustment has been taken into account as yet.

The amount for prepaid rental expenses to be disclosed in the statement of financial position as at 28 February 20.19 will be (round off your final answer to the nearest rand)

Instructions:

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Round off to the nearest Rand (eg: 50.56 is 51)

3. Only show the amount, do not show the R (eg: 12141.72)