The financial year ended on 31 December 2011. From the following details, make adjustments in ledger (t-account) expense account for rent.

On 31 December 2010, last quarter's rent amounting to 3,900 was owing

The rent chargeable per year was 15,600

The following rent payments were made in the year 2011: 6 January 3,900, 4 April 3,900, 7 July 3,900, 18 October 3,900

The 4th quarter's rent for 2011 is still owing

a. sure to show the Accrued b/d for 2012.

b. which financial statement this accrued amount should be posted to; should also state under what sub-heading.

c. Explain the difference between accrued rent and prepaid rent