What the accrued rent receivable should be reported as

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Reference no: EM132775855

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

Problem 1: All payments were made when due. In Marr's June 30, 20X11, balance sheet, the accrued rent receivable should be reported as

A. $0

B. $9,000

C. $12,000

D. $21,000

Reference no: EM132775855

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