On January 01, the bank agrees with the landlord of one of its branches on a monthly rent of PCD 1,000. The bank pays the rent at the end of every quarter (i.e. at the end of March, June, September and December). Which of the following statements are false? I. On April 1 the bank will have PCD 0 "Accrued Payable"

II. On January 31 the landlord will have PCD 1,000 "Accrued Receivable".

III. On January 31 the bank will have PCD 1,000 "Prepaid Expenses".

IV. On February 28 the landlord will have PCD 2,000 "Rent Revenues".

A. l and IV

B. II, Ill and IV

C. Ill and IV

D. None of the above