Multiple Choice
Determine the cash payments made during the year for rent from the following information.
$
Rent expense (income statement) 475
Prepaid Rent:
Beginning Balance 195
Ending Balance 220
Assume all insurance premiums are paid in cash.
A) $475
B) $500
C) $695
D) $450
Correct Answer:
Verified
Correct Answer:
Verified
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