Solved: How to calculate the amount for the adjusting entry 14 rent, Accounting Basics

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How to calculate the amount for the adjusting entry 14 rent

Question - "The post-closing trial balance at 30 June 2017 of Payneham Professional Services is shown below.

Transactions completed during the year ended 30 June 2018 are summarised below:"

How to calculate the amount for the adjusting entry: (14) Rent paid in advance in transaction 3. Rent for 6 months of $7290 plus GST was paid in advance on 1 August and 1 February.

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Accounting Basics: How to calculate the amount for the adjusting entry 14 rent

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Accounting Basics: How to calculate the amount for the adjusting entry 14 rent

Reference No:- TGS02427743

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