Question
1/1/X0 Unearned rent revenue = $4,500; 12/31/X0 Unearned rent revenue = $4,000; 1/1/X0 Prepaid rent = $3,000; 12/31/X0 Prepaid rent = $3,200; 1/1/X0 Rent receivable
1/1/X0 Unearned rent revenue = $4,500; 12/31/X0 Unearned rent revenue = $4,000; 1/1/X0 Prepaid rent = $3,000; 12/31/X0 Prepaid rent = $3,200; 1/1/X0 Rent receivable = $2,200; 12/31/X0 Rent receivable = $1,900; Cash received from rent during X0 = $20,000. What is the accrual basis rent revenue for X0?
A. $19,600
B. $19,800
C. $20,000
D. $20,200
E. $20,400
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Fundamentals Of Oil And Gas Accounting
Authors: Charlotte J. Wright, Rebecca A. Gallun
5th Edition
1593701373, 978-1593701376
