Question 13 of 20 After a year-end inventory count, the value of trading inventory on hand was
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Question:
Question 13 of 20
After a year-end inventory count, the value of trading inventory on hand was R123 450.
Additional information
(a) On 30 January 20.20 Kumkani Traders decided to lease out the office space on the business' premises for a monthly rental amount of R2 200. The rental amount is paid in advance on the last day of each month.
Use the information in the pre-adjustment trial balance and the additional information to determine which of the following journal entries correctly accounts for the closing adjustment of the lease rentals at the year-end:
Posted Date: