The Specialists
Exercises Part 11
1. The following receipts for rent received has incurred in the year:
Date
1 November 2018
1 February 2019
1 August 2019
$
3 000
4 500
3 750
Period
Four months ending 31 January 2019
Six months ending 31 July 2019
Five months ending 31 December 2020
Prepare the following rent received account for the year ended 31 October 2019, show the
transfer to the income statement. Balance the accounts and bring down the balances to 1
November 2019.
Date
Details
Rent Received Account
$
Date
Details
$
2. The following payments for rental expense has occurred in the year:
Date
1 July 2018
1 November 2018
1 May 2019
$
2 500
3 750
2 500
Period
Four months ending 31 October 2018
Six months ending 30 April 2019
Four months ending 31 August 2019
Prepare the following rental expense account for the year ended 31 July 2019, show the
transfer to the income statement. Balance the accounts and bring down the balances to 1
August 2019.
Date
Details
Rental Expense Account
$
Date
COURSE INSTRUCTOR: MUSABBIR KABIR ASIF
Details
$
3. The following receipts for Salary Received has incurred in the year:
Date
1 May 2018
1 October 2019
1 April 2019
$
1 700
2 550
1700
Period
Five months ending 31 September 2018
Six months ending 31 March 2019
Four months ending 30 July 2020
Prepare the following salary received account for the year ended 31 June 2019, show the
transfer to the income statement. Balance the accounts and bring down the balances to 1
July 2019.
Date
Details
Salary Received Account
$
Date
Details
$
4. The following payments for Heating and lighting has occurred in the year:
Date
1 June 2018
1 September 2018
1 April 2019
$
2 100
3 675
3 150
Period
Four months ending 31 August 2018
Seven months ending 31 March 2019
Six months ending 30 September 2019
Prepare the following heating and lighting account for the year ended 31 May 2019, show
the transfer to the income statement. Balance the accounts and bring down the balances to
1 June 2019.
Date
Details
Heating and Lighting Account
$
Date
Details
COURSE INSTRUCTOR: MUSABBIR KABIR ASIF
$