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
Correct Answer:
Verified
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