Question
The following information was extracted from the accounting records of Joseph and Yusuf at 31 December 20X7: C Rent prepaid (31 December 20X6) 220 Rent
The following information was extracted from the accounting records of Joseph and Yusuf at 31 December 20X7:
|
| C |
| Rent prepaid (31 December 20X6) | 220 |
| Rent prepaid (31 December 20X7) | 195 |
| Rent expense (for the year ended 31 December 20X7) | 475 |
| Bank overdraft (31 December 20X6) | 200 |
| Bank overdraft (31 December 20X7) | 1 000 |
|
|
|
If all rent payments are made in cash, the cash paid in respect of rent during the year ended 31 December 20X7 amounts to:
- C695
- C475
- C450
- C800
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
13th Canadian Edition
1119740444, 9781119740445
