On January 1, Billy co. signed a three-year lease for office space. The lease required monthly rent of $8000 for the first year, $8100 for the second year, and 8200 for the third year. Billy has the option to renew the lease for a fourth year at 8300 per month. 

How much rent expense should Billy co. charge for January?

Answer rating: 100% (QA)

Since the lease requires monthly rent payments we can assume that the rent e... View the full answer