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The Charlestown Corporation's February 28 unadjusted trial balance included many accounts, including the following. Cash $17,000 Supplies $14,000 Prepaid Rent $9,600 Prepaid Insurance $5,700 Accounts

The Charlestown Corporation's February 28 unadjusted trial balance included many accounts, including the following.

Cash

$17,000

Supplies

$14,000

Prepaid Rent

$9,600

Prepaid Insurance

$5,700

Accounts Payable

$21,000

Fees Revenue

$88,000

Supplies Expense

$0

Rent Expense

$0

Insurance Expense

$1,600

During February, the company had paid $9,600 to use office space for four months, beginning on February 1.

Determine the dollar amount of prepaid rent the Corporation would report on its February 28 balance sheet.

a.

$9,600

b.

$7,200

c.

$4,800

d.

$2,400

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