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Please answer the questions 10.1, 10.2 and 10.3 with your detailed explanations, it's much appreciated!...

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Accounting

Please answer the questions 10.1, 10.2 and 10.3 with your detailed explanations, it's much appreciated!

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1 Mega Co receives rent for subletting part of its office block. Rent, receivable quarterly in advance, is received as follows: Based on these receipts, what entries should appear in Mega Co's financial statements for the year ended 30 November 202 ? Active Co pays rent quarterly in arrears on 1 January, 1 April, 1 July and 1 October each year. The rent was increased from $90,000 per year to $120,000 per year as from 1 October 20X2. What rent expense and accrual should be included in Active Co's financial statements for the year ended 31 January 20X3? At 31 March 20X2 Fire Co had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill for $3,600. At 31 March 203 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200. Payments made for heating oil during the year ended 31 March 203 totalled $34,600. Based on these figures, what expense should appear in Fire Co's statement of profit or loss for heating oil for the year? $

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