A residential investment property is scheduled to close on April 24. The seller collected rent for April at the first of the month amounting to $900. According to the contract for sale and purchase, the buyer is due the rental income for the day of closing. Calculate the proration.
• A. $425.00 debit to buyer, $425.00 credit to seller
B. $210.00 debit to seller, $210.00 credit buyer
C. $900.00 debit to seller, $300.00 credit to buyer
D. $625.00 credit to seller, $325.00 debit to buyer
