The following information is taken from the accounts of Registration Ltd for the year ended 30...

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The following information is taken from the accounts of Registration Ltd for the year ended 30 June 2019. $ Accounts receivab The following information was taken from the accounts of Rex Ltd: Prepaid expenses, 1 July 2018 Prepaid expenses, 30 June 201

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Answer 1

Answer #1

2) Cash Payments for expenses for year end 30 june 2019 in the accounts of Rex Ltd is as follows :

Cash payments = Expenses incurred + Depreciation + Ending prepaid expenses-Begining prepaid expenses+Begining accrued expenses-Ending accrued expenses

=375000+75000+100000-85000+25000-20000

=470000

So cash payments for expenses is 470000

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