Statement of Statement of financial position profit or loss A $560 $3,320 B $560 $3,060 C $860 $3,320 D $860 $3,060
The electricity account for Jingles Co for the year ended 30 June 20X1 was as follows.
$
Opening balance for electricity accrued at 1 July 20X0 300
Payments made during the year
1 August 20X0 for three months to 31 July 20X0 600
1 November 20X0 for three months to 31 October 20X0 720
1 February 20X1 for three months to 31 January 20X1 900
30 June 20X1 for three months to 30 April 20X1 840
Jingles Co expects the next bill due in September to be for the same amount as the bill received in June.
What are the appropriate amounts for electricity to be included in the financial statements of Jingles Co
for the year ended 30 June 20X1?
Statement of
financial position profit or loss
A $560 $3,320
B $560 $3,060
C $860 $3,320
D $860 $3,060
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