Floral Deliveries,Inc.paid $6,000 for January,February,March and April's rent in advance on January 1,20X9.The company recorded this transaction by increasing the balance in the Prepaid Rent account.The balance in the Rent Expense account for the period,January 1,20X9 through March 31,20X9,as of March 31,20X9,will be

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The rent expense for the period January 1, 20X9 through March 31, 20X9 is $4,500. This is because the company paid $6,000 for four months' rent in advance on January 1, 20X9. As of March 31, 20X9, three months have passed, so the company has used up $4,500 of the prepaid rent.