Prepaid rent Flashcards
(1 cards)
1
Q
How do you calculate the prepaid rent debit/credit?
A
a. monthly rent % days in the month = rent per day
b. rent per day * days owed buyer - amount of proration
c. credit buyer, debit seller
How do you calculate the prepaid rent debit/credit?
a. monthly rent % days in the month = rent per day
b. rent per day * days owed buyer - amount of proration
c. credit buyer, debit seller