During the year, Victoria, Inc. rented a warehouse to Neuman, Inc. for $50,000 and the rent has all been paid for in full. Victoria, Inc. and Neuman, Inc. are related companies subject to consolidation. The elimination entry at the time of consolidation for this transaction would be:

Question 13 options:

a)	Debit Rent Income $50,000; Credit Rent Expense $50,000

b)	No entry required as it has been paid for and will self-eliminate

c)	Debit Rent Expense $50,000; Credit Rent Income $50,000

d)	Debit Cash Neuman, Inc. $50,000; Credit Cash Victoria, Inc. $50,000