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小 發表於 2010-6-9 11:25 AM (第 5092 天)
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因為由2006年10月1日開始 Rent per month increased from $260 to $298.
Bal b/f at 1 Aug 2006 represented rent for July 2006 is outstanding & indicated the rent per month is $260.
Rental expense is prepaid for the period to be used.
Thus, rent payment of $780 at 1 Aug 2006 is made for Jul, Aug & Sept 2006.
At 1 Oct 2006, rent payment of $894 indicated that the rent for Oct, Nov & Dec is $298 per month.
The year rent expense of $3,500 comprised:
Aug-Sept $520 ($260*2)
Oct-Dec $894 ($298*3)
Jan-Mar $894 ($298*3)
Apr-Jun $894 ($298*3)
Jul07 $298 ($894/3)
Total $3,500
Note: Rent recognized on accrual basis.