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Vebber is a franchise based in Cape Town that sells outdoor braai equipment Vebber has various stores around Cape Town One of the stores are

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Vebber is a franchise based in Cape Town that sells outdoor braai equipment Vebber has various stores around Cape Town One of the stores are currently vacant and the owner of Vebber decided to rent it out to a third party The rental contract stipulates that there will be an annual increase of 11% on 1 January each year, with the first increase on 1 January 2021. The rental for January 2020 amounted to R13 000 Vebber receives one month's rent in arrears on the first day of each month (ie it receives November's rent on 1 December) The business has a year end of 31 January and it has rented out the store since 1 January 2020 The bookkeeper credits all rental received to the Rent Income account Complete the pre-adjustment trial balance below with respect to the information provided above regarding the rental income Pre-Adjustment Trial Balance of Vebber on 31 January 2021 DR CR Rental Income Accrued Rental income Complete the post-adjustment trial balance below with respect to the information provided above regarding the rental income Post Adjustment Trial Balance of Vebber falso called Pre-closing Toral Balines on 31 January 2021 DR CR Rent Income

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