On 1 November 20.18 Mars Traders paid rental to the amount of R25 668 for 12 months. The pre-adjustment trial balance for the year ended 28 February 20.19 reflected an amount for rental expenses of R25 668 as well as an amount for prepaid rental expenses at 1 March 20.18 of R12 780. The only transaction that has been recorded or processed in the accounting books of Mars Traders regarding rental expenses, related to the payment that was made on 1 November 20.18 and no other transaction or adjustment has been taken into account as yet.

The amount for prepaid rental expenses to be disclosed in the statement of financial position for the year ended 28 February 20.19 will be (round off your final answer to the nearest rand)

Select one:

A.

R29 892

B.

R17 112

C.

R8 556

D.

R21 336

E.

R4 332