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Sunny_sXe [5.5K]
3 years ago
10

Suppose on January 1 Aiden​'s Tavern prepaid rent of $ 13 comma 200 for the full year. At July 31​, how much rent expense should

be recorded for the period January 1 through July 31​? At July 31, Aiden's Tavern should record $ 7700 of rent expense. Enter any number in the edit fields and then continue to the next question.
Business
1 answer:
Paha777 [63]3 years ago
8 0

Explanation:

13,200 Rent prepaid on January 1 for 1 year

÷ 12 Months

$ 1,100 Rent expense per month

Thus, $1,100 Rent expense per month

× 7 Months

$7,700 Rent expense for January through July

At July 31, Aiden's Tavern should record $ 7700 of rent expense.

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