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The comparative balance sheets of Titan Company for the years ended December 31, 2023 and 2024, reported the following selected amounts: 2023 2024 Assets: Office
The comparative balance sheets of Titan Company for the years ended December 31, 2023 and 2024, reported the following selected amounts: 2023 2024 Assets: Office supplies $2,000 $800 Liabilities: Unearned rent revenue 11,000 10,500 The 2024 income statement reported the following: Rent revenue $12,000 Office supplies expense 15,000 Required: Calculate the total amount of office supplies purchased during 2024. Calculate the total amount of rent collected during 2024. In what section of the statement of cash flows would the payments for office supplies appear? In what section of the statement of cash flows would the collection for rents appear
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