X Company prepares monthly financial statements. The company rents a copy machine. The rental agreement calls for a $400 lump sum payment at the beginning of each month, plus $0.07 per copy, payable on the 10th of the following month. In July, 1,300 copies were made; in August, 1,000 copies were made; in September, 900 copies were made What appeared on X Company's August 31 financial statements? Rent expense, $470; Rent expense, $470; Rent expense, $400; Rent expense, $470; Rent expense, $491; Rent expense, $491; Rent Payable, $70 Rent Payable, $400 Rent Payable, $400 Rent Payable, $470 Rent Payable, $491 Rent Payable, $91 Submit Answer Tries 0/2