If the Opening Balance of Rent Accrued at the Beginning

question 31

Multiple Choice

If the opening balance of rent accrued at the beginning of the year was $1,000, rent expense for the year was $20,000 and the closing balance of rent accrued at the end of the year was $1,200, the amount paid in cash for rent during the year is:

• A)$22,200.
• B)$21,000.
• C)$20,200.
• D)$19,800.

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Definitions:

Ice

Water frozen into a solid state, typically at or below 0°C (32°F).

Water Boils

The transformation of water from liquid to gas phase, occurring at 100°C (212°F) at sea level.

Hydrogen Ions

Positively charged atoms of hydrogen, which contribute to acidity when present in high concentrations in solutions.

Acids

Substances that release hydrogen ions (H+) when dissolved in water, typically having a sour taste and capable of turning blue litmus paper red.