Respuesta :
Answer:
Rent expense = $1,000
Prepaid rent = $23,000
Step-by-step explanation:
The computation is presented below:
Provided that
2 years rent = $24,000
Now the one month rent is
= Total rent ÷ Number of months in a 2 years
= $24,000 ÷ 24 months
= $1,000
So, for financial statements as of December 31,2019 is $1,000 per month rent expense
And, the prepaid rent would be
= Total rent - rent expense
= $24,000 - $1,000
= $23,000
