Calculate the total accruals and prepayments

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Reference no: EM131341126

Tarla, the owner of a delicatessen shop, began trading on 28 February 2004. She provides you, her accountant, with the following information in respect of her business for the period ended 31 December 2004:

1. Rent
Rents paid quarterly, in advance, on the following dates:

	EUR
28 February	3,250
31 May	3,250
31 August	3,250
30 November	3,250

2. Electricity
A bill was received and paid on 1 February 2005 for EUR 800. The bill covered the period 16 November 2004 to 15 January 2005. The charge for the rest of the period ended 31 December 2004 was EUR 3,200. 3. Bank interest
The bank statements for the delicatessen shop show that interest has been charged to the account as follows:

	EUR
1 March 2004 to 31 March 2004	206
1 April 2004 to 30 June 2004	789
1 July 2004 to 30 September 2004	696
1 October 2004 to 31 December 2004	764

(a) Calculate the total accruals and prepayments for the period ended 31 December 2004.

(b) Calculate the total amount of rent, electricity and bank interest expenses for the period ended 2004.

Reference no: EM131341126

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