Explain the prepaid rent account represents


Worked on this homework, almost done, but can't figure out these Qs On October 15, the school agreed to teach a four-month class (beginning immediately) to an individual for $5,520 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (Accrual can begin at the nearest half-month; for example, October recognizes one-half month accrual.)The school's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.The balance in the Prepaid Rent account represents rent for December.

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Accounting Basics: Explain the prepaid rent account represents
Reference No:- TGS0707385

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