Reference no: EM132624834

Question - Rana is an agent whose accounting year ends on 31st December.

For 2010:

On 1st January, 3 months rent had been paid in advance, €1.200.

On 1st April, she paid 6 months rent in advance, €2.400.

On 1st October, she paid rent for the 6 months ending 31st March year 11, €2.700.

On 1st January commission €3.200 due to Rana was not yet received.

January to December, commission received was €64.300.

At 31st December commission due and not yet received was €4.700.

On 1st January amount outstanding on telephone account was €320.

On 31st March she paid the telephone bill in respect of the previous 6 months, €510.

On 30th September she paid the telephone bill in respect of the previous 6 months, €520.

On 31st December the outstanding amount on the telephone account was €300.

Required - Prepare the rent account, the commission receivable account and the telephone account for the 2010.