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:Capital at start was N280,000, while at the end of…An asset was bought on 1st January, 1995 for…A trader paid N15,000 on rent for 15 months but…Opening creditors was N65,000, closing creditors was…XYZ Ltd's total sales was #100,000. It had opening…