A company 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 the company's financial statements for the year ended 31 January 20X3? Rent expense Accrual $ $
A、100,000 20,000
B、100,000 10,000
C、97,500 10,000
D、97,500 20,000
A、100,000 20,000
B、100,000 10,000
C、97,500 10,000
D、97,500 20,000
【参考答案及解析】
$ February to March 20X2 (22,500 x 2/3) 15,000 April to June 22,500 July to September 22,500 October to December 30,000 January 20X3 (30,000 x 1/3) 10,000 Rent for the year 100,000Accrual 30,000 x 1/3 = 10,000
$ February to March 20X2 (22,500 x 2/3) 15,000 April to June 22,500 July to September 22,500 October to December 30,000 January 20X3 (30,000 x 1/3) 10,000 Rent for the year 100,000Accrual 30,000 x 1/3 = 10,000