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11.02.2020 •
Mathematics
On November 1, 2019, Movers, Inc., paid $24,000 for 2 years' rent beginning on November 1 (assume rent is the same amount each month). Movers' year-end financial statements as of December 31, 2019 will show:
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Ответ:
Rent expense = $1,000
Prepaid rent = $23,000
Step-by-step explanation:
The computation is presented below:
Provided that
2 years rent = $24,000
Now the one month rent is
= Total rent ÷ Number of months in a 2 years
= $24,000 ÷ 24 months
= $1,000
So, for financial statements as of December 31,2019 is $1,000 per month rent expense
And, the prepaid rent would be
= Total rent - rent expense
= $24,000 - $1,000
= $23,000
Ответ:
$1080
Step-by-step explanation: