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.

Question

Business

Mcgee

20 February, 14:35

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.

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Isaiah · Answer 1

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.