The gas account for the year ended 30 June X2 is as follows: 400 Opening balance for gas accrued at 31st July x1 Payments made during the year: 720 10 August X1 for the three months to 31 July X1 12 November X1 for the three months to 31 760 October X1 3 February 2 for the three months to 31 January x2 970 18 May x2 for the three months to 30 April 2 880 It is anticipated that the next quarter's payment will be the similar to the last quarter. The opening balance on the gas expense account at 1 July X1 is 400 DEBIT The journal to post the required gas expense accrual at 30 June X2 is: DEBIT Gas E587 . CREDIT Accruals E587 The value shown on the statement of profit or loss for gas at 30 June X2 is: Choose... - Select your answer in each dropdown menu) Part of your answer requires attention: Inputs 3,5, 6 (drop down boxes) - Please put an answer in each box. Bag Ltd has received a total of 5,800 from customers for their updated annual software for the following year, What is the correct journal to enter the prepayment adjustment required at the year end? DEBIT Petty cash E5,800 CREDIT Deferred income 5,800 (Select your answer in each dropdown menu) Sophia pays her rent quarterly in arrears and her year end is 31st December. During the year she has made payments as follows: 1st May tre quarter ending 30th Apn 1,750 1st Aug tre quarter ending 31st Jul) 1,750 1st Nov tre quarter ending 31st Oct) 2,250 Sophia anticipates that her next quarter's payment will be the same as she paid in November. How much will she show for rent on her statement of profit or loss at 31st December? (Round to the nearest whole number) Enter the value with no sign, comme or decimal places) Answer 750