Hannah Hidalgo Corp., a manufacturing concern, also has a subsidiary which specializes in the rental of the heavy equipment. Some customers prepay their rentals and other customers are billed periodically for rent owed.

A

The following are account balances of the year $2023$:

Rent Receivable

Unearned Rent Revenue

Cash inflows for rentals during the year

REQUIRED: What is the rental revenue for the year?

A

The following are account balances of the year $2022$:

Rent Receivable

Unearned Rent Revenue

Rental Revenue for rentals during the year

REQUIRED: What is the Cash inflow from rentals for the year?