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6) The Sweet Cream Company rents a warehouse at a cost of $500 per month. Under terms of the rental agreement, several months' rent must
6) The Sweet Cream Company rents a warehouse at a cost of $500 per month. Under terms of the rental agreement, several months' rent must be paid in advance. Sweet Cream also rents various office space at a cost of $600 per month from a more generous landlord who agreed to an arrangement requiring rent payments at the end of the month. Late payments are acceptable without penalty if they are made within a reasonable period of time. Comparative balance sheets for Sweet Cream at December 31, 2014, and at December 31, 2015, contained the following account balances: December 31 2014 Prepaid rent Rent payable $ 1,500 0 2015 $ 1,000 600 Based on the information given above, the total rent payments made during the year ended December 31, 2015, were: A. $11,600 B. $12,100 C. $12,600 D. $13,200 E $13,600
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