Question
1.What was cash received for rent in 20X5? 2.What was rent expense in 20X5? 3.What was cash received for dues in 20X5? The Gastonia Athletic
2.What was rent expense in 20X5?
3.What was cash received for dues in 20X5?
The Gastonia Athletic Club presented the following at the end of 20X5: Comparative Balance Sheets Cash Rent Receivable Dues Receivable Interest Receivable Prepaid Rent Supplies Prepaid General Expenses Investments Furniture and Fixtures December 31 20X5 $7,995 570 2,800 310 150 780 350 6,800 7,000 Accumulated Depreciation on Furniture and Fixtures Total $25,635 20X4 $ 6,490 230 2,500 520 250 260 510 8,000 3,600 (1,120) $21,610 (750)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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