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:Debtors value as at 1st January 2000 was N40,000.…A club received rent N10,000 and donation N30,000.…Rent owing as at 31st December 1998, N800. Rent paid…A fixed asset was bought for N60,000 on 1st January,…An asset was bought on 1st January, 1995 for…