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What amounts should appear in the income statement

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Reference no: EM132612754

On December 31st, 2013, Descartes Ltd (which has a December 31st year-end) received and paid a telephone bill of $24,000 comprising:

Calls for the three months ended on December 31st, 2013 $18,000

Rental for the six months ending on March 31st, 2014 $6,000

Problem 1: What amounts should appear in the 2013 income statement and on the closing 2013 balance sheet in respect of this bill? Record these transactions in a transaction worksheet. EXPLAIN

Reference no: EM132612754

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