Question
The Following is an extract of the trial balance for C. Joseph Rates 6,100 Wages and Salaries 68,400 Car expenses 6,134 Provision for bad debt
The Following is an extract of the trial balance for C. Joseph
Rates 6,100
Wages and Salaries 68,400
Car expenses 6,134
Provision for bad debt 166
Rent received 500
Building 32,000
Motor Vehicles (at cost) 10,000
Fixtures and Fittings (at cost) 8,000
Provision for depreciation:
Fixtures and Fittings (at cost) 1,200
Motor Vehicles 1,500
Debtors and Creditors 100,000 60,000
The following information is also available: -
(a) part of the building was rented to R London who owed $ 150 at the end of the year
From the information above what would be the amount for C. Joseph rent received in the profit and loss account:
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
8th Edition
9780618777174, 618777180, 618777172, 978-0618777181
