Assume Shehata Coffee Shop has a Prepaid Rent account with a beginning balance of $2,000. An additional $15,000 was pre-paid during the year with a debit to Prepaid and credit to Cash. If the ending balance of the Prepaid Rent account on the balance sheet is 7,000, how much Rent Expense did SCS recognize for the year? Please input your answer as a number without $ sign.

Answer rating: 100% (QA)

Heres how to calculate the Rent Expense for Shehata ... View the full answer