Albert finally found a buyer for his five-plex and closing is set for august 8th. at closing, four of albert's tenants have already paid their $987.50 monthly rent and one of the units remains unoccupied. what will the rent proration be assuming the 365-day method and that the closing day belongs to the seller?

Credit the buyer $2,931, debit the seller $2,931.

Step-by-step explanation:

Consider the provided information.

At closing, four of Albert's tenants have already paid their $987.50 monthly rent and one of the units remains unoccupied.

There are 31 days in August.

The closing is set for August 8th.

31-8 = 23 days

Therefore, the rent proration will be:

Hence, Credit the buyer $2,931, debit the seller $2,931.

Step-by-step explanation:

Like therms have the same literal part

-6/7p + 1/7