Question: On July 1 , 2 0 X 7 , Gee, Inc. leased a delivery truck from Marr Corp. under a 3 - year operating lease.

On July 1,20X7, Gee, Inc. leased a delivery truck from Marr Corp. under a 3-year operating lease. Total rent for the term of the lease will be $36,000, payable as follows: 12 months at $500=$6,000.12 months at $750= $9,000.12 months at $1,750=$21,000. All payments were made when due. In Marr's June 30,209, balance sheet, the accrued rent receivable should be reported as:
Answer
$9,000
$21,000
$0
$12,000
On July 1 , 2 0 X 7 , Gee, Inc. leased a delivery

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