The rent and rates expense shown in the income statement for the year ended 31 December 2021 was $76230. The following additional information was available. Rent accrued: balance brought forward 1 January 2021 $4000; balance carried forward 31 December 2021 $6500. Rates prepaid: balance brought forward 1 January 2021 $770; balance carried forward 31 December 2021 $820. How much was paid from the bank account for rent and rates during the year ended 31 December 2021?
- A$73680
- B$73780
- C$78680
- D$78780