Prepaid Rent Shows a Beginning Balance of $500 and an Ending

question 115

Multiple Choice

Prepaid rent shows a beginning balance of $500 and an ending balance of $600. During the year, prepaid rent was debited for $2,200. What is the amount of rent expense shown on the current year's income statement?

• A)$2,100
• B)$1,700
• C)$1,600
• D)$2,700

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