Max Realty paid $3,000 rent on a building in advance for two years on May 1. The amount that should be recorded as rent expense as of December 31 is:
A) $1,000.
B) $3,000.
C) $1,500.
D) $875.
Answer: A
Business
A) $1,000.
B) $3,000.
C) $1,500.
D) $875.
Answer: A