Final answer:
Golden Eagle received $1,800 for rent on December 1, usually indicating a payment for the rental period of that month, which will be recognized over December in their accounting records.
Step-by-step explanation:
When Golden Eagle received $1,800 for rent on December 1, it is likely that this payment is for a monthly rental period, suggesting coverage for the month of December. If rent is paid monthly, which is common practice, this would mean the rent was prepaid for that month. In accounting terms, this transaction would be recorded as an advance payment, and Golden Eagle would recognize the rental income over the course of the December month. If the rent covers multiple months, this payment would be allocated accordingly over the whole period that the rent payment is intended to cover.