California Condos
California Condos uses the accrual basis of accounting, and had the following account balances on its financial statements at December 31, 2019.
-Refer to California Condos. On January 1, the balance of Unearned Rent Revenue was $0. The company collected cash from tenants of its apartment building totaling $600,000 during 2019. How much should be reported as unearned rent revenue as of December 31, 2019?

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California Condos
California Condos uses the accrual basis of accounting, and had the following account balances on its financial statements at December 31, 2019. 
-Refer to California Condos. On January 1, the balance of Unearned Rent Revenue was $0. The company collected cash from tenants of its apartment building totaling $600,000 during 2019. How much should be reported as unearned rent revenue as of December 31, 2019?

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The Answer of California Condos
California Condos uses the accrual basis of accounting, and had the following account balances on its financial statements at December 31, 2019. 
-Refer to California Condos. On January 1, the balance of Unearned Rent Revenue was $0. The company collected cash from tenants of its apartment building totaling $600,000 during 2019. How much should be reported as unearned rent revenue as of December 31, 2019?

California Condos California Condos Uses the Accrual Basis of Accounting, and Had