St.Augustine Properties collected advance rentals of $360,000 from its customers during the year.The balance in the unearned rent revenue account increased from $15,000 on January 1 to $35,000 on December 31.Rents earned during the year totaled ________.
A) $375,000
B) $380,000
C) $340,000
D) $395,000
Correct Answer:
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