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:Rent owing as at 31st December 1998, N800. Rent paid…Rent owing as at 31st December 1998, N800. Rent paid…Capital at start was N280,000, while at the end of…A trader paid N15,000 on rent for 15 months but…An asset was bought on 1st January, 1995 for…