Final answer:
The sellers are credited for the rent of the first 11 days of December which they will not own the triplex, and the buyers are credited with the remaining 20 days. The daily rent is calculated, and the respective amounts are prorated accordingly.
Step-by-step explanation:
The calculation for prorating the rent depends on the number of days in December that the sellers owned the triplex and the days the buyers will own it after the closing date of December 12. Assuming December has 31 days, the sellers are responsible for the rent for the first 11 days of December, and the buyers for the remaining 20 days (from December 13 to December 31).
To calculate the daily rent, you would divide the monthly rent by 31 days:
$1,350 ÷ 31 = $43.55 per day (rounded to two decimal places).
The sellers are credited for 11 days of rent that they will not own the triplex:
11 days × $43.55/day = $479.05 (rounded to two decimal places).
The buyers are then credited with the remaining 20 days of the month:
20 days × $43.55/day = $871 (rounded to two decimal places).
Therefore, the correct answer to how the rent should be prorated on the closing statement and who will be credited and for how much is:
d) Sellers credited $479.05, buyers credited $871.