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Here are details for rent and rates account for the year ending 31 December 2015....

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Accounting

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Here are details for rent and rates account for the year ending 31 December 2015. Rent payable is RM 6,000 annually. Rates payable is RM 4,000 annually. As at 01/01/2015, rent of RM 1,000 prepaid from year 2014. On 01/01/2015, rates RM 400 were owing. During 2015, rent RM 4,500 was paid. During 2015, rates RM 5,000 was paid. On 31/12/2015, rent RM 500 was owing. On 31/12/2015, rates RM 600 has been prepaid. Required: a) Write all transactions above into rent and rates account. (9 marks) [Total = 9 marks]

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