Determine the correct balance in prepaid rent

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Reference no: EM131220014

1. Pfister Corporation prepaid a full year's rents on their warehouse for the period from September 1, 2008 to August 31, 2009. At that time, they debited prepaid rent and credited cash for $24,000. Determine the correct balance in prepaid rent on December 31, 2008. Enter your answer with no commas, dollar signs, decimals, etc.

2.Pfister Corporation prepaid a full year's rents on their warehouse for the period from September 1, 2008 to August 31, 2009. At that time, they debited prepaid rent and credited cash for $24,000. Determine the correct of rent expense to be included in income for the year ending on December 31, 2008. Enter your answer with no commas, dollar signs, decimals, etc.

Reference no: EM131220014

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