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Barrett Realtors Always Collects Rent in Advance from Its Customers

Question 90

Multiple Choice

Barrett Realtors always collects rent in advance from its customers. The 2019 income statement for Barrett reports rent revenue of $21,000. The related balance sheet accounts for the beginning and end of the year were:
Barrett Realtors always collects rent in advance from its customers. The 2019 income statement for Barrett reports rent revenue of $21,000. The related balance sheet accounts for the beginning and end of the year were:   Based on this information, the amount of cash collected during 2019 from Barrett's customers was: A)  $28,250 B)  $26,500 C)  $24,000 D)  $ 7,750
Based on this information, the amount of cash collected during 2019 from Barrett's customers was:


A) $28,250
B) $26,500
C) $24,000
D) $ 7,750

Correct Answer:

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