During an accounting period, the following activities occurred in the general fund:  $1,000 due from another fund was received.  Expenditures of $5000 were paid.  Revenues of $10,000 were received.  Accounts payable of $2,000 was paid.  Accounts receivable of $3,000 was collected.  Cash at the beginning of the period was $5,000 and the fund balance at the beginning of the period was $25,000 (positive).  Tara Co. owns an office building and leases the offices under a variety of rental agreements involving rent paid in advance monthly or annually. Not all tenants make timely payments of their rent. Tara's balance sheets contained the following data:                                                                                             1989                        1990                                                                                                                                       Rentals receivable                                       $ 9,600                      $12,400                                                                                                                                     Unearned rentals                                         $32,000                      $24,000   During 1990, Tara received $80,000 cash from tenants for current income. What amount of rental revenue should Tara record for 1990?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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During an accounting period, the following activities occurred in the general fund:  $1,000 due from another fund was received.  Expenditures of $5000 were paid.  Revenues of $10,000 were received.  Accounts payable of $2,000 was paid.  Accounts receivable of $3,000 was collected.  Cash at the beginning of the period was $5,000 and the fund balance at the beginning of the period was $25,000 (positive).  Tara Co. owns an office building and leases the offices under a variety of rental agreements involving rent paid in advance monthly or annually. Not all tenants make timely payments of their rent. Tara's balance sheets contained the following data:                                                                                             1989                        1990                                                                                                                                       Rentals receivable                                       $ 9,600                      $12,400            
                                                                                                                        Unearned rentals                                         $32,000                      $24,000  
During 1990, Tara received $80,000 cash from tenants for current income. What amount of rental revenue should Tara record for 1990?

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