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+ Company owns an office building and leases the offices under a variety of rental agreements involving rent paid monthly in advance and rent paid
+ Company owns an office building and leases the offices under a variety of rental agreements involving rent paid monthly in advance and rent paid annually in advance. Not all tenants make timely payments of their rent. Eagles' balance sheets contained the following data: Year 1 Rentals receivable Unearned rentals $5,000 $16,000 In Year 1, Eagles reported $45,400 rental revenue. How much cash did Eagles receive from tenants for Year 1? $34,400 $66,400 $24,400 $56,400 None of these
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