The company year end is 31 December 20x9 Prepare ledger accounts for the following accounts showing the agustinents that are necessary for the year-end accruals and prepayments and the balances that would appear in the financial statements a. The opening accrual for heat and light was 110. The company paid 3.200 in the yeat The last payment was in December for the period 1 September to the 30 November the amounted to 61020 6. The inventory of toiletries on 1 January 20X9 was 140. An additional 540 was purchased in the year At the year and there were 15 packets of toiletrots left costing 15 each The rates bill paid last year was 61400 it was accounted for correctly using the acces concept. The dates bill paid is veanin Apel amounted to $2.000 rates biscover the period 1 April to 31 March in the next year) d. In December 2008 our tenant paid us 61,350 for the period 1 December 28 February 2009 During the year we received another 65250, tacliding 61650 n December 2009 for the three months to 29 February 2010 Atle start of the year an agent for a product owed us 340 commission for sales targets we met last year. This year we medele target sales again. They paid us 66,250but still owe os 640 st the year end Heat the Store 310 Toliko 510 Munch Catering Ltd, whose financial year runs from 1 December to the following 30 November, maintains a Building occupancy costs account in its general ledger . This account is used to record all payments in respect of rent insurance and property taxes on the company's business premises. Rent is fixed on a calendar year basis and is payable quarterly in advance. Rent was 2,640 for the year ended 31 December 20x8 and Is 2,880 for the year ended 31 December 20X9. Munch Catering Ltd has made the following payments of rent by cheque Amount Details E Quarter to 31 Dec 20x8 Quarter to 31 Mar 20x9 660 720 Date 20x4 29 Sep 29 Dec 2exs 30 Mar 29. Jun 28 Sep 720 720 720 Quarter to 30 Jun 20x9 Quarter to 30 Sep 20x9 Quarter to 31 Dec 20x9 Munch Catering Ltd paldits building contents Insurance premium of 544 for the year to 30 November 20X9 on 17 November 20x8. This policy was cancelled as of 31 May 20x9 and Munch Catering Ltd received a cheque for 215 as a rebate of premium on 21 June 20x9. A new buildings contents Insurance policy was taken out with a different insurance company with effect from 1 June 20x9. The premium on this policy was 430 and this was paid in full by cheque by Munch Catering Ltd, on 18 May 20X9. Property taxes are assessed annually for the year from 1 April to the following 31 March and are payable in one lump sum by 30 September. Munch Catering Ltd's assessment was 840 for the year to 31 March 20x9 and 42,250 for the year to 31 March 20YO. Munch Catering Ltd paid the assessment for the year ended 31 March 20x9 by cheque on 2 October 20x8 and the assessment for the year ended 31 March 20Y0 by cheque on 26 September 20X9. Required: Prepare the 'Building occupancy costs' account for the year ended 30 November 20X9 only as it would appear in the general ledger of Munch Catering Ltd The company year end is 31 December 20x9 Prepare ledger accounts for the following accounts showing the agustinents that are necessary for the year-end accruals and prepayments and the balances that would appear in the financial statements a. The opening accrual for heat and light was 110. The company paid 3.200 in the yeat The last payment was in December for the period 1 September to the 30 November the amounted to 61020 6. The inventory of toiletries on 1 January 20X9 was 140. An additional 540 was purchased in the year At the year and there were 15 packets of toiletrots left costing 15 each The rates bill paid last year was 61400 it was accounted for correctly using the acces concept. The dates bill paid is veanin Apel amounted to $2.000 rates biscover the period 1 April to 31 March in the next year) d. In December 2008 our tenant paid us 61,350 for the period 1 December 28 February 2009 During the year we received another 65250, tacliding 61650 n December 2009 for the three months to 29 February 2010 Atle start of the year an agent for a product owed us 340 commission for sales targets we met last year. This year we medele target sales again. They paid us 66,250but still owe os 640 st the year end Heat the Store 310 Toliko 510 Munch Catering Ltd, whose financial year runs from 1 December to the following 30 November, maintains a Building occupancy costs account in its general ledger . This account is used to record all payments in respect of rent insurance and property taxes on the company's business premises. Rent is fixed on a calendar year basis and is payable quarterly in advance. Rent was 2,640 for the year ended 31 December 20x8 and Is 2,880 for the year ended 31 December 20X9. Munch Catering Ltd has made the following payments of rent by cheque Amount Details E Quarter to 31 Dec 20x8 Quarter to 31 Mar 20x9 660 720 Date 20x4 29 Sep 29 Dec 2exs 30 Mar 29. Jun 28 Sep 720 720 720 Quarter to 30 Jun 20x9 Quarter to 30 Sep 20x9 Quarter to 31 Dec 20x9 Munch Catering Ltd paldits building contents Insurance premium of 544 for the year to 30 November 20X9 on 17 November 20x8. This policy was cancelled as of 31 May 20x9 and Munch Catering Ltd received a cheque for 215 as a rebate of premium on 21 June 20x9. A new buildings contents Insurance policy was taken out with a different insurance company with effect from 1 June 20x9. The premium on this policy was 430 and this was paid in full by cheque by Munch Catering Ltd, on 18 May 20X9. Property taxes are assessed annually for the year from 1 April to the following 31 March and are payable in one lump sum by 30 September. Munch Catering Ltd's assessment was 840 for the year to 31 March 20x9 and 42,250 for the year to 31 March 20YO. Munch Catering Ltd paid the assessment for the year ended 31 March 20x9 by cheque on 2 October 20x8 and the assessment for the year ended 31 March 20Y0 by cheque on 26 September 20X9. Required: Prepare the 'Building occupancy costs' account for the year ended 30 November 20X9 only as it would appear in the general ledger of Munch Catering Ltd