Question
Use the following information to answer 3 and 4: Cash received for rent in X5 = $ 94,000. Cash paid for rent in X5 =
Use the following information to answer 3 and 4: Cash received for rent in X5 = $ 94,000. Cash paid for rent in X5 = $ 68,000. Rent receivable @ 1/1/X5 = $1,900. Rent receivable @ 12/31/X5 = $ 3,500 Prepaid rent @ 1/1/X5 = $2,900. Prepaid rent @ 12/31/X5 = $ 2,700. Unearned rent revenue @ 1/1/X5 = ?. Unearned rent revenue @ 12/31/X5 = $ 6,500. Rent payable @ 1/1/X5 = $5,900. Rent payable @ 12/31/X5 = ?. Rent expense in X5 = $ 66,000. Rent revenue in X5 = $ 96,000.
What was Unearned rent revenue at 1/1/X5?
A. $2,900
B. $3,600
C. $6,100
D. $6,900
E. $10,100
Use the same information as for question 3: What is Rent payable at 12/31/X5?
A. $3,700.
B. $4,100.
C. $7,700.
D. $8,100.
E. $8,600 .
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