Co Company earns income from renting out viable spaces. The following are balances from the company's balance sheet: December 31, 2017 30,000 110,000 5,000 130,000 700,000 December 31, 2016 65,000 122,000 1,500 100,000 640,000 Rent Receivable Prepaid Insurance Supplies Salaries Payable Unearned Rent Revenue The ff transactions occurred in 2017: 25,000 Cash paid for supplies Bought supplies on account Paid wages 23,500 1,300,000 254,000 Cash paid for insurance Cash received for rent in 5,300,000 advance Rent receivable collected 620,000 What is the rent income for year ending December, 2017?
Co Company earns income from renting out viable spaces. The following are balances from the company's balance sheet: December 31, 2017 30,000 110,000 5,000 130,000 700,000 December 31, 2016 65,000 122,000 1,500 100,000 640,000 Rent Receivable Prepaid Insurance Supplies Salaries Payable Unearned Rent Revenue The ff transactions occurred in 2017: 25,000 Cash paid for supplies Bought supplies on account Paid wages 23,500 1,300,000 254,000 Cash paid for insurance Cash received for rent in 5,300,000 advance Rent receivable collected 620,000 What is the rent income for year ending December, 2017?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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