Rent prepaid as at 1st January, 2002 was N15,000. How much was paid for rent in 2007? by Sunday | Jun 4 | Accounting WAEC | 0 comments A. N80,000 B. N75,000 C. N55,000 D. N35,000 Correct Answer: Option B B. N75,000 Users Also Read These:An asset was bought on 1st January, 1995 for…Boro Limited apportion 1/6 of its rent for factory…Opening creditors was N65,000, closing creditors was…A fixed asset was bought for N60,000 on 1st January,…A trader paid N15,000 on rent for 15 months but…