1. Rents on a duplex total $600 monthly and are due the first of each month. If the sale of the duplex closes on the 15^th of a month, the rental income will be reflected on the closing statement as a:
   1. Debit to the seller of $300 and a credit to the buyer of $300
   2. Credit to the seller of $300 and a debit to the buyer of $300
   3. The credit of $600 to the seller only
   4. The credit of $600 to the buyer only