Rent owing as at 31st December 1998, N800. Rent paid up to 31st December 1998, N1,700. Rent owing as at 1st January 1998, N500. Rent charged to the profit and loss account for the year 1998 is? by Sunday | Jun 5 | Accounting WAEC | 0 comments A. N2,000 B. N1,700 C. N1,400 D. N1,300 Correct Answer: Option A A. N2,000 Users Also Read These:Rent prepaid as at 1st January, 2002 was N15,000.…A trader paid insurance premium of N45,000 for 15…Interest on drawings is 5%, interest on capital is…A trader paid N15,000 on rent for 15 months but…A trader paid insurance premium of N45,000 for 15…