on August 1, 2019, a firm prepaid $53,520 for 2 years'...

101 5 of 33 0 Due in less than 12 hours Multiple Choice Question On August 1, 2019, a firm prepaid $53,520 for 2 years' rent of an office building. On March 1, 2020, the firm prepaid $34,800 for 2 years' rent of a warehouse. The rent agreements on both buildings went into effect on the dates the rents were prepaid. What amount will be shown for prepaid rent on the December 31, 2020 balance sheet? $44,160 $35,910 O $88,320 $52,410 Confidence Level Rate your confidence to submit your