Question

[taylor tay bags]

I thought the rent expense would be 12,000 because it said rent was paid 4000 on Jan march and June.. reporting period was Jan-June 31 therefore Debit: Rent expense 12,000 and Credit: Prepaid Rent 12,000 which was the remaining of the prepaid asset..

Also the question about drawings and stock was entity yer?

Thanks

[andrew4443]

I'm pretty sure it was $8000, because in January he paid rent for three months advance (for $4000) so he had rent from January,Feb and March, then in March he paid for April, May and June (for $4000) then in June he paid for the next three months starting from the 1 July

Therefore he has used up $8000 of prepaid rent , so you debit rent expense $8000 and credit Prepaid rent $8000

[sick muzza]

yeh thats what i had as well^^^

[nbalakers24]

12000/9=1333.3 X 6 = $8000

thats how i worked it out for the rent one

[chris1991]

I had $8,000 + 4000/3 which equals whatever.....Pretty sure thats wrong now though.

[steph753]

i also got $8000

[phanphy]

yeah 8000

[AppleXY]

@Taylor Tay Bags, stress less man. Don't take it too deeply. Whats done cannot be undone

[sebdog117]

what do you think is easier accounting 3 & 4 or physics 3 & 4, im not sure which one to pick

[Flaming_Arrow]

what do you think is easier accounting 3 & 4 or physics 3 & 4, im not sure which one to pick

imo, Accounting definitely

[Fyrefly]

what do you think is easier accounting 3 & 4 or physics 3 & 4, im not sure which one to pick

imo, Accounting definitely

Agreed.

I rarely did accounting work in accounting... I usually did the physics or specialists I had due later that day.
In short... I did at least twice the work for physics that I did for accounting.

SS Results: Accounting > Physics
(even when scaled)