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Multiple Choice 8-21 (LO 8-1) Ginny owns a house in northern Wisconsin that she rents for $2,400 per month. Ginny does not use the property
Multiple Choice 8-21 (LO 8-1) Ginny owns a house in northern Wisconsin that she rents for $2,400 per month. Ginny does not use the property personally. While she was in Europe for Christmas, the water heater on the property failed, and her tenants repaired it for $1,440. For the following month's rent (January), her tenants paid her $960 for rent ($2,400 - $1,440). What amounts should Ginny include for rental income and repair expense, respectively, for January? Multiple Choice $960; $0. 0 $1,440; $960 O $2,400; $960. O $2,400; $1,440
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