The year end of M Co is 30 November 20X0

Accounting Nov 02, 2020

The year end of M Co is 30 November 20X0. The company pays for its gas by a standing order of $600 per month. On 1 December 20W9, the statement from the gas supplier showed that M Co had overpaid by $200. M Co received gas bills for the four quarters commencing on 1 December 20W9 and ending on 30 November 20X0 for $1,300, $1,400, $2,100 and $2,000 respectively. Which of the following is the correct charge for gas in M Inc's statement of profit or loss for the year ended 30 November 20x0? A $6,800 B $7,000 ? $7,200 (2 marks) D $7,400 each year pays rent quarterly in

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