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Use the following information to answer 4 and 5: Unearned rent revenue Rent payable Rent receivable Prepaid rent Rent expense Rent revenue 1/1/X0 $5,200 $4,500
Use the following information to answer 4 and 5: Unearned rent revenue Rent payable Rent receivable Prepaid rent Rent expense Rent revenue 1/1/X0 $5,200 $4,500 $7,000 $2,900 12/31/X0 $ 5,000 $ 4,200 $ 7,400 $ 2,800 $ 68,000 $ 70,000 4. How much cash was received for rent during the year? A. $69,400 B. $69,800 C. $70,000 $ 70,200 E. $70,600 D. 5. How much cash was paid for rent during the year? A. $67,300 B. $67,600 C. $67,800 D. $68,200 E. $68,400
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