This document shows accounting entries for an expense account and revenue/sales/income account. It includes beginning and ending balances for prepaid, accrued, and payments for both accounts. It also notes a $620 payment for four months of expenses and $155 being prepaid for September expenses. Finally, it asks about accounting for rent when 13 months were paid but only 10 months are needed for the current fiscal year.

3. Expense Account
Prepayments b/d XX Accrued b/d XX
Payments XX Profit & Loss A/C XX
Accrued c/d XX Prepayments c/d XX
Total Total
Prepayments b/d XX Accrued b/d XX

4. Revenue/Sales/income Account
Accrued b/d XX Prepaid b/d XX
Profit & Loss A/C XX Payments XX
Prepaid c/d XX Accrued c/d XX
Total Total
Accrued c/d XX Prepaid b/d XX

5. Paid $620 for
four the months
of June, July,
August and
September.
$155 For the
month of
September
are prepaid
Expense
excluded
Example1

6. Example2(a)

7. Rents?
Paid for 13 month
and for the current
F/Y we only need 10
month
Example2(b)