(Solved): The gas account for the year ended 30 June \( X 2 \) is as follows: \( \begin ...

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The gas account for the year ended 30 June \( X 2 \) is as follows: \( \begin{array}{lr} & £ \\ \text { Opening balance for gas accrued at 31st July X1 } & 600 \\ & \\ \text { Payments made during the year: } & 800 \\ 10 \text { August X1 for the three months to 31 July X1 } & 840 \\ \text { 12 November X1 for the three months to 31 October X1 } & 1,040 \\ \text { 3 February X2 for the three months to 31 January X2 } & 950 \\ 18 \text { May X2 for the three months to 30 April X2 } & \end{array} \) It is anticipated that the next quarter's payment will be the similar to the last quarter. The opening balance on the gas expense account at 1 July \( X 1 \) is \( £ 600 \) The journal to post the required gas expense accrual at 30 June \( X 2 \) is: Gas Accruals The value shown on the statement of profit or loss for gas at 30 June \( X 2 \) is: