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Prepaid rent in trial balance = 2 , 5 0 0 Rent in trial balance = 8 5 , 5 0 0 The figure for

Prepaid rent in trial balance

= 2, 500

Rent in trial balance

= 85, 500

The figure for prepayments at

1

January

2018

in the trial balance is in respect

of two months

rent paid in advance. On

1

November

2018,

the company paid

rent on one of its premises of

28, 500

for six months, in advance.

What is the rent in income statement? Can someone explain step by step how to derive the answer? I have the answer but I don

t understand.

The correct answer is Rent

2, 500 + 85, 500 19, 000 = 69, 000

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