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If the opening balance of rent accrued at the beginning of the year was$1,000, rent expense for the year was$20,000 and the closing balance of
If the opening balance of rent accrued at the beginning of the year was$1,000, rent expense for the year was$20,000 and the closing balance of rent accrued at the end of the year was$1,200 the amount paid in cash for rent during the yearis:
A.20200 B.21000 C. 19800 D.22200
I think opening balance+rent expense-cash=closing balance so I choose C but Im not sure whether it is correct.Please explain it in detail.
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