On July 1, 20X9, 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, 20X11, balance sheet, the accrued rent receivable should be reported as
Your Answer:

a. $0
b. $9,000
c. $12,000
d. $21,000

Answer rating: 100% (QA)

Accruals ff6 000x1 ... View the full answer