seller sold a duplex for 60,000 with closing schedules for june 24 this year. both units were rented november 1 last year at $180 each per month with the first and last months rents paid in adance. in addition, each tenant paid the seller a security deposit of $125. based upon 12 equal of 30 days each, and the day of closing belongs to the seler, how much of the combined rent payments and securty deposits will crdit to the buyer at closing.
seller sold a duplex for 60,000 with closing schedules for june 24 this year. both units were rented november 1 last year at $180 each per month with the first and last months rents paid in adance. in addition, each tenant paid the seller a security deposit of $125. based upon 12 equal of 30 days each, and the day of closing belongs to the seler, how much of the combined rent payments and securty deposits will crdit to the buyer at closing.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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seller sold a duplex for 60,000 with closing schedules for june 24 this year. both units were rented november 1 last year at $180 each per month with the first and last months rents paid in adance. in addition, each tenant paid the seller a security deposit of $125. based upon 12 equal of 30 days each, and the day of closing belongs to the seler, how much of the combined rent payments and securty deposits will crdit to the buyer at closing.
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