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Utopia dance clubsinc rented an old warehouse for its

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Utopia Dance Clubs,Inc., rented an old warehouse for its newest club on Oct.01,2010.To receive a discount ,Utopia paid $11,700 for 18 month rent in advance .Assume no additional rent is paid in 2011 and 2012 and answer the following questions

a. How much rent expense will be recognized for the year ended Dec.31,2010 ?

b. What will the balance be in the prepaid rent account at Dec 31,2010?

c. How much rent will be recognized for year ended Dec.31,2011?

d. What will be the balance in prepaid rent account at Dec 31,2011?

e. How much rent will be recognized for the year ended dec.31,2012?

f. What will balance in the prepaid rent account be at Dec.31,2012?

Reference no: EM13598733

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