A Company Has the Following Three Events in December: 1

Multiple Choice

A company has the following three events in December: 1.December 1 - Pay last month's rent (November) ,$500.2.December 15 - Pay rent for the current month (December) ,$500.3.December 31 - Pay rent for the following year,$6,000.How much would be recorded as Rent Expense for the month of December using accrual-basis accounting?

A) $6,500.
B) $7,000.
C) $1,000.
D) $500.