A duplex is scheduled to close on July 11. On the first of the month, the seller collected rent of $645 per unit. According to the contract for sale and purchase, the day of
closing belongs to the buyer. Calculate the proration and indicate how the entry appears on the Closing Disclosure.
OA) $416.13 credit to seller, $416.13 debit to buyer
B) $416.13 debit to seller, $873.87 credit to buyer
OC) $873.87 debit to seller, $873.87 credit to buyer.