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Given below is extract of the Trial Balance as at 31 December, 2017 of Safeer Furniture Mart: Debit Salaries and Wages $35,000 Rent $25,000 Other

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Given below is extract of the Trial Balance as at 31 December, 2017 of Safeer Furniture Mart: Debit Salaries and Wages $35,000 Rent $25,000 Other Information: Salaries and Wages accrued for the year amounted to $3,200 Rent Prepaid for the year was $2,500 What amount will appear as Rent expense in the income statement for the year ended 31 December, 2017? Done $22,500 $28,200 $27,500 $2,500 How will the amount of rent prepaid appear in the Statement of Financial Position as on 31 December, 2017? Done $2,500 as a current liability $27,500 as a current liability $2,500 as a current asset $22,500 as a current asset

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