just_forme

I can't finish this question. Anyone can help me?

M Paine, a sole trader, is about to prepare his final accounts. As book-keeper, you need to adjust the figures shown in certain accounts.

His financial year ends on 31 December Year 5. At that date, certain accounts carry the following balances :
                                                                   $
Rates                                                           1960 (Dr)
Telephone                                                    215 (Dr)
Insurance                                                      760 (Dr)
Rent Receivable                                             3840 (Cr)
Wages                                                         45630 (Dr)

You ascertain the following information relating to the above accounts.
(1) Rates - included in the Rates Account is a payment of $900 for the half year to 31 March Year 6.
(2) Telephone - the amount accrued due, not yet paid to 31 December-Year 5, is $47
(3) Insurance - a premium paid of $720 for the year to 31 January Year 6 is included in the Insurance Account.
(4) Rent Receivable - the tenant owes $160 for rent outstanding at 31 December Year 5.
(5) Wages - the amount accrued due at 31 December Year 5 was $840.

REQUIRED :
     (a) Open the above account, enter the balances given, deal with the accrual or prepayment as necessary and show the transfers to the Profit and Loss Account.
     (b) Show how any remaining balances on the above accounts would appear in the Balance Sheet of M Paine at 31 December Year 5.

[ 本帖最後由 just_forme 於 2008-3-29 09:44 AM 編輯 ]

just_forme

can anyone help me?