K Consider the following independent situations for Island View (Click the icon to view the indipendent situations.) a. Island View had a January 1, 2024 beginning balance in its Prepaid Rent account of $1,300. During the year the company made payments for prepaid rent of $500. At the end of the year, December 31, 2024, the balance in the Prepaid Rent account was $400. What was the amount of rent expense for the year? Rent expense for the year b. Island View had a January 1, 2024 beginning balance in its Prepaid Rent account of $900. During the year the company made payments for prepaid rent of $1,000. Island View recorded rent expense for the year of $1,300 What is the company's ending balance in its Prepaid Rent account as of December 31, 20247 Ending balance in Prepaid Rent c. Island View had a December 31, 2024 ending balance in its prepaid rent account of $1,200. During the year the company made payments for prepaid rent of $200 and recorded rent expense fom the year of $400. What is the company's beginning balance in its Prepaid Rent account as of January 1, 2024? Beginning balance in prepaid rent More info a. Island View had a January 1, 2024 beginning balance in its Prepaid Rent account of $1,300. During the year the company made payments for prepaid rent of $500. At the end of the year, December 31, 2024, the balance in the Prepaid Rent account was $400. What was the amount of rent expense for the year? b. Island View had a January 1, 2024 beginning balance in its Prepaid Rent account of $900. During the year the company made payments for prepaid rent of $1,000 Island View recorded rent expense for the year of $1,300. What is the company's ending balance in its Prepaid Rent account as of December 31, 20247 e island View had a December 31, 2024 ending balance in its prepaid rent account of $1,200. During the year the company made payments for prepaid rent of $200 and recorded rent expense for the year of $400 What is the company's beginning balance in its Prepaid Rent account as of January 1, 20247 Time Remaining: 00:55:48 Next