Question $23$

$1$ pts

Jackson Hospital owns a medical office building and leases space to private physician practices annually for $$120,000.$ The physician practices pay the full annual lease payment at the beginning of each year. Under the accrual basis of accounting, how much rent remains in deferred $($unearned$)$ rent revenue after the fourth month?

$$40,000$

$$80,000$

$$90,000$

$$50,000$