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Time of Liam Co. has the following information: Accrued rent income - January 1 1,600,000 Accrued rent income - December 31 800000 Unearned rent -
Time of Liam Co. has the following information: Accrued rent income - January 1 1,600,000 Accrued rent income - December 31 800000 Unearned rent - January 1 1,200,000 Unearned rent - December 31 2000000 Rental payments received 4000000.
How much is the rent income under accrual basis of accounting?
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